Income tax, state; lowers rates and raises standard deductions. (HB2319)

Introduced By

Del. Joe McNamara (R-Roanoke) with support from 36 copatrons, whose average partisan position is:

Those copatrons are Del. Tim Anderson (R-Virginia Beach), Del. Terry Austin (R-Buchanan), Del. John Avoli (R-Staunton), Del. Jason Ballard (R-Pearisburg), Del. Kathy Byron (R-Lynchburg), Del. Ellen Campbell (R-Rockbridge), Del. Mike Cherry (R-Colonial Heights), Del. A.C. Cordoza (R-Hampton), Del. Glenn Davis (R-Virginia Beach), Del. James Edmunds (R-South Boston), Del. Buddy Fowler (R-Ashland), Del. Nick Freitas (R-Culpeper), Del. Karen Greenhalgh (R-Virginia Beach), Del. Keith Hodges (R-Urbanna), Del. Terry Kilgore (R-Gate City), Del. Dave LaRock (R-Loudoun), Del. Marie March (R-Floyd), Del. Danny Marshall (R-Danville), Del. Will Morefield (R-North Tazewell), Del. Israel O'Quinn (R-Bristol), Del. Roxann Robinson (R-Chesterfield), Del. Chris Runion (R-Bridgewater), Del. Phil Scott (R-Spotsylvania), Del. Kim Taylor (R-Dinwiddie), Del. Otto Wachsmann (R-Sussex), Del. Will Wampler (R-Abingdon), Del. Lee Ware (R-Powhatan), Del. Michael Webert (R-Marshall), Del. Bill Wiley (R-Winchester), Del. Tony Wilt (R-Harrisonburg), Del. Tommy Wright (R-Victoria), Del. Scott Wyatt (R-Mechanicsville), Sen. Emily Brewer (R-Suffolk), Sen. Tara Durant (R-Fredericksburg), Sen. Chris Head (R-Roanoke), Sen. John McGuire (R-Glen Allen)

Progress

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

Description

Income tax; rates and deductions. Lowers the top income tax rate from 5.75 percent to 5.5 percent for taxable years beginning on and after January 1, 2024. The bill also raises the standard deduction to $9,000 for single individuals and $18,000 for married persons for taxable years beginning on and after January 1, 2024, but before January 1, 2026. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2023Presented and ordered printed 23103700D
01/11/2023Referred to Committee on Finance
01/17/2023Impact statement from TAX (HB2319)
01/18/2023House committee, floor amendments and substitutes offered
01/18/2023Reported from Finance with amendment(s) (12-Y 10-N) (see vote tally)
01/20/2023Read first time
01/23/2023Floor substitute printed 23105087D-H1 (Watts)
01/23/2023Read second time
01/23/2023Substitute by Delegate Watts offered out of order 23105087D-H1
01/23/2023Committee amendments agreed to (51-Y 48-N)
01/23/2023VOTE: Adoption (51-Y 48-N) (see vote tally)
01/23/2023Engrossed by House as amended HB2319E
01/23/2023Printed as engrossed 23103700D-E
01/24/2023Read third time and passed House (52-Y 48-N)
01/24/2023VOTE: Passage (52-Y 48-N) (see vote tally)
01/25/2023Constitutional reading dispensed
01/25/2023Referred to Committee on Finance and Appropriations
02/07/2023Impact statement from TAX (HB2319E)
02/08/2023Passed by indefinitely in Finance and Appropriations (11-Y 5-N) (see vote tally)