Commonwealth's taxation system; conformity with the Internal Revenue Code, Tax Relief Fund. (HB2355)
Introduced By
Del. Chris Jones (R-Suffolk) with support from co-patron Del. Bobby Orrock (R-Thornburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Conformity of the Commonwealth's taxation system with the Internal Revenue Code. Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018, including conformity to the federal Tax Cuts and Jobs Act (TCJA). The bill also makes technical amendments. Under the provisions of the bill, for fiscal years 2019 and 2020, any additional revenues generated as a result of the temporary individual income tax provisions of the TCJA shall be transferred to the Taxpayer Relief Fund, created in the bill. The bill requires the Department of Taxation to submit a plan, before August 1, 2019, to the General Assembly to refund such revenues to taxpayers. Read the Bill »
Status
02/08/2019: Incorporated into Another Bill
History
Date | Action |
---|---|
01/08/2019 | Presented and ordered printed with emergency clause 19102404D |
01/08/2019 | Committee |
01/08/2019 | Prefiled and ordered printed with emergency clause; offered 01/09/19 19102404D |
01/08/2019 | Referred to Committee on Rules |
01/22/2019 | Impact statement from TAX (HB2355) |
01/23/2019 | Referred from Rules |
01/23/2019 | Referred to Committee on Finance |
01/28/2019 | House committee, floor amendments and substitutes offered |
01/28/2019 | Reported from Finance with substitute (9-Y 4-N) (see vote tally) |
01/28/2019 | Committee substitute printed 19105786D-H1 |
01/29/2019 | Impact statement from TAX (HB2355H1) |
01/30/2019 | Read first time |
01/31/2019 | Passed by for the day |
02/01/2019 | Read second time |
02/01/2019 | Passed by temporarily |
02/01/2019 | Committee substitute agreed to (51-Y 44-N) 19105786D-H1 |
02/01/2019 | VOTE: ADOPTION (51-Y 44-N) (see vote tally) |
02/01/2019 | Engrossed by House - committee substitute HB2355H1 |
02/04/2019 | Engrossed by House as amended HB2355E |
02/04/2019 | Read third time and defeated by House (63-Y 35-N) |
02/04/2019 | VOTE: DEFEATED EMERGENCY (63-Y 35-N) (see vote tally) |
02/04/2019 | Requires 79 affirmative votes for passage |
02/04/2019 | Reconsideration of defeated action agreed to by House |
02/04/2019 | Engrossment reconsidered by House |
02/04/2019 | Amendment by Delegate Simon rejected (48-Y 51-N) |
02/04/2019 | VOTE: REJECTED (48-Y 51-N) (see vote tally) |
02/04/2019 | Amendments by Delegate Jones, S.C. agreed to |
02/04/2019 | Emergency clause deleted |
02/04/2019 | Engrossed by House - committee substitute with amendments HB2355EH1 |
02/04/2019 | Printed as engrossed 19105786D-EH1 |
02/05/2019 | Read third time and passed House (67-Y 32-N) |
02/05/2019 | VOTE: PASSAGE (67-Y 32-N) (see vote tally) |
02/06/2019 | Constitutional reading dispensed |
02/06/2019 | Referred to Committee on Finance |
02/07/2019 | Impact statement from TAX (HB2355EH1) |
02/08/2019 | Incorporated by Finance (HB2529-Hugo) (12-Y 0-N) (see vote tally) |