Income tax, state; JLARC to study increasing progressivity of Va's system. (HJ24)

Introduced By

Del. Vivian Watts (D-Annandale)

Description

Study; JLARC; increasing the progressivity of Virginia's individual income tax system; report. Requires the Joint Legislative Audit and Review Commission to continue its study of increasing the progressivity of Virginia's individual income tax system and to also study (i) the composite index of local ability-to-pay public school funding formula and changes that could be made to the indicators of such local ability-to-pay or the weights assigned thereto and (ii) permitting local governing bodies to tax adjusted gross income in order to promote greater fairness and more equitable access to the resources needed to provide excellence in public education in every local school division in the Commonwealth. The meeting and reporting deadlines in the original study are unaffected by the additional study tasks. Read the Bill »

Outcome

History