Income tax, state; taxpayer relief individual tax credit. (SB1657)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Taxpayer relief income tax credit. Creates a nonrefundable tax credit of $250 for individuals and $500 for married persons filing a joint return. The credit is available for taxable years 2018 through 2025 and is available only to taxpayers who elected to take the standard deduction on their federal tax returns. The bill contains an emergency clause. Read the Bill »

Status

01/09/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/09/2019Presented and ordered printed with emergency clause 19101227D
01/09/2019Referred to Committee on Finance
01/20/2019Impact statement from TAX (SB1657)

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