SB390
Taxation; makes numerous changes to the Commonwealth's tax structure.
Summary
As Introduced. Taxation in the Commonwealth.
Makes numerous changes to the Commonwealth's tax structure. The bill creates two new income brackets for the calculation of individual income taxes and lowers the corporate income tax rate. The tax credit for low-income taxpayers would become refundable, and taxpayers would be prohibited from using the same donation to both ... (More) receive certain tax credits and take a charitable deduction. The bill reinstates the estate tax. The state sales tax on food would be eliminated, and sales tax would be imposed on certain services and digital products. The transient occupancy tax would be imposed on the entire cost of the use or possession of the room. The tobacco tax would be raised. (Less)-
Bill History
- 01/09/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18101132D
- 01/09/2018 - Senate: Referred to Committee on Finance
- 01/28/2018 - Senate: Impact statement from TAX (SB390)
- 01/31/2018 - Senate: Committee amendments
- 01/31/2018 - Senate: Passed by indefinitely in Finance with letter (15-Y 0-N)
