Commonwealth's taxation system; conformity with the Internal Revenue Code. (SB1372)
Introduced By
Sen. Tommy Norment (R-Williamsburg)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
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Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Conformity of the Commonwealth's taxation system with the Internal Revenue Code; 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 also eliminates an obsolete provision and contains an emergency clause. Amends § 58.1-301, of the Code of Virginia. Read the Bill »
Status
01/08/2019: Awaiting a Vote in the Finance Committee
History
| Date | Action |
|---|---|
| 01/08/2019 | Prefiled and ordered printed with emergency clause; offered 01/09/19 19101062D |
| 01/08/2019 | Referred to Committee on Finance |
| 01/18/2019 | Impact statement from TAX (SB1372) |
Comments
Conformity now!
Inflation has cut the standard deduction in half.