Income tax, state; conformity; standard deduction. (SB1211)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia income tax; conformity; standard deduction; emergency. 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. The bill raises Virginia's standard deduction to $6,000 per taxpayer or $12,000 for married persons filing jointly for taxable year 2018. In future tax years, the deduction will be adjusted by a percentage equal to the difference in the Chained Consumer Price Index for All Urban Consumers between the current year and 2018. The bill also contains an emergency clause. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/04/2019 | Prefiled and ordered printed with emergency clause; offered 01/09/19 19101501D |
| 01/04/2019 | Referred to Committee on Finance |
| 01/19/2019 | Impact statement from TAX (SB1211) |
| 01/20/2019 | Impact statement from TAX (SB1211) |
| 01/30/2019 | Passed by indefinitely in Finance (16-Y 0-N) (see vote tally) |