Income tax, state; lowers rate of taxation. (SB759)
Introduced By
Sen. Glen Sturtevant (R-Midlothian)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax rates. Lowers the rate of taxation for each tax bracket for individual income tax by 10 percent. The reduction will be phased in over the course of three years in which Virginia Gross Domestic Product grows by three percent or more. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/10/2018 | Prefiled and ordered printed; offered 01/10/18 18104465D |
01/10/2018 | Referred to Committee on Finance |
01/27/2018 | Impact statement from TAX (SB759) |
01/31/2018 | Passed by indefinitely in Finance with letter (12-Y 3-N) (see vote tally) |