VA SB757 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 22 2016 - 25% progression, died in committee
Action: 2016-02-09 - Continued to 2017 in Finance (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 22 2016 - 25% progression, died in committee
Action: 2016-02-09 - Continued to 2017 in Finance (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Individual income tax. Modifies the individual income tax by establishing a flat 5.75% tax on all taxable income. The bill also increases the standard deduction from $6,000 to $15,000 for married persons and from $3,000 to $7,500 for single individuals. The changes are effective for taxable years beginning on and after January 1, 2017.
Title
Income tax, state; modifies tax by establishing a flat 5.75% tax on all taxable income.
Sponsors
Roll Calls
2016-02-09 - Senate - Senate: Continued to 2017 in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-09 | Senate | Continued to 2017 in Finance (15-Y 0-N) |
| 2016-01-22 | Senate | Referred to Committee on Finance |
| 2016-01-22 | Senate | Presented and ordered printed 16103590D |
