Income tax, state; itemization. (SB1237)
Introduced By
Sen. Bill DeSteph (R-Virginia Beach)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
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Passed House |
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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
01/30/2019: Incorporated into Another Bill
History
| Date | Action |
|---|---|
| 01/05/2019 | Prefiled and ordered printed with emergency clause; offered 01/09/19 19103462D |
| 01/05/2019 | Referred to Committee on Finance |
| 01/19/2019 | Impact statement from TAX (SB1237) |
| 01/30/2019 | Incorporated by Finance (SB1372-Norment) (16-Y 0-N) (see vote tally) |
Comments
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.
Tax conformity now,as before