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HB1189

Income tax, state; reduction of top marginal rate.

Status:
Killed

Chief Patron:
Ben Cline (R)

Session:
2018 Regular Session

Summary

As Introduced. Individual income tax; reduction of top marginal rate.

Reduces the top marginal individual income tax rate from 5.75 percent on income in excess of $17,000 to five percent on income in excess of $5,000 beginning with taxable year 2019.
  • Bill History

  • 01/10/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102892D
  • 01/10/2018 - House: Referred to Committee on Finance
  • 01/23/2018 - House: Assigned Finance sub: Subcommittee #2
  • 01/23/2018 - House: Impact statement from TAX (HB1189)
  • 01/31/2018 - House: Subcommittee recommends passing by indefinitely (4-Y 1-N)
  • 02/13/2018 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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