VA HB1851 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 2 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 2 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Virginia income tax; emergency. Advances conformity of Virginia income tax; emergency. Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018, starting with taxable year 2018. The bill increases, starting with taxable year 2019, the amount of the standard deduction (i) from $3,000 to $6,000 for an individual or for married persons filing separately and (ii) from $6,000 to $12,000 for married persons filing jointly. Starting in 2020, the bill adjusts Virginia's standard deduction by the percentage increase in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for the previous taxable year. In taxable year 2026, the standard deduction would return to $3,000 for an individual or a married person filing jointly and $6,000 for married persons filing jointly, coincident with the expiration of the individual income tax provisions of the federal Tax Cuts and Jobs Act (TCJA). Beginning in taxable year 2020, the individual tax brackets and the personal deductions will also be adjusted by the percentage increase of the C-CPI-U for
Title
Income tax, state; advances conformity of the Commonwealth's tax code with the federal tax code.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-05 | House | Left in Rules |
2019-01-02 | House | Referred to Committee on Rules |
2019-01-02 | House | Prefiled and ordered printed with emergency clause; offered 01/09/19 19101658D |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 301 | (n/a) | See Bill Text |
58 | 1 | 320 | (n/a) | See Bill Text |
58 | 1 | 322.03 | (n/a) | See Bill Text |
58 | 1 | 400 | (n/a) | See Bill Text |
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB1851 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB1851+hil |