Income tax, state; itemization. (SB1237)

Introduced By

Sen. Bill DeSteph (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Individual income tax; itemization. Allows an individual taxpayer to itemize deductions for state income tax purposes regardless of whether he elects to itemize deductions on his federal return for taxable years 2018 through 2025. Current law requires a taxpayer to claim the standard deduction on his state return if he claims the standard deduction on his federal return. The bill contains an emergency clause. The bill was incorporated into SB 1372. Read the Bill »

Status

04/26/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/05/2019Prefiled and ordered printed with emergency clause; offered 01/09/19 19103462D
01/05/2019Referred to Committee on Finance
01/19/2019Impact statement from TAX (SB1237)
01/30/2019Incorporated by Finance (SB1372-Norment) (16-Y 0-N) (see vote tally)

Comments

Karen Killian writes:

The State is already getting a windfall this year from sales tax on internet sales. They don't need a second, sneaky windfall by ignoring changes on federal tax calculations. These federal changes will mean higher state taxes on the middle class unless the General Assembly does a long overdue overhaul on state income tax calculations.

Bill writes:

Tax conformity now,as before

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)