VA HB2765 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 18 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 18 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Income tax; conformity; increase in standard deduction; refundable income tax credit for low-income taxpayers; Revenue Stabilization Fund. Advances the Commonwealth's conformity with federal tax law to December 31, 2018, starting with taxable year 2019. The bill increases the standard deduction to $3,750 for single individuals and $7,500 for married persons filing jointly for taxable years 2019 through 2025. Under current law, the standard deduction is $3,000 for single individuals and $6,000 for married persons filing jointly.
Title
Income tax, state; conformity, increase in standard deduction, refundable income tax credit.
Sponsors
| Del. Dawn Adams [D] | Del. Kaye Kory [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-05 | House | Left in Rules |
| 2019-01-18 | House | Referred to Committee on Rules |
| 2019-01-18 | House | Presented and ordered printed 19104577D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 301 | (n/a) | See Bill Text |
| 58 | 1 | 322.03 | (n/a) | See Bill Text |
| 58 | 1 | 339.8 | (n/a) | See Bill Text |
| 63 | 2 | 527 | (n/a) | See Bill Text |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2765 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2765+hil |
