HB1980 (2019 Regular Session)

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HB1980

Income tax, state; conformity, increase in standard deduction.

Overview

Status:
Killed

Chief Patron:
Joe McNamara (R)

Session:
2019 Regular Session

Summary

As Introduced. Income tax; conformity; increase in standard deduction; emergency.

Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018, and conforms to federal provisions that Virginia previously deconformed from, including the bonus depreciation deduction and the carry back of net operating losses.

Bill History
01/07/2019 - House: Prefiled and ordered printed with emergency clause; offered 01/09/19 19102946D
01/07/2019 - House: Referred to Committee on Rules
01/29/2019 - House: Impact statement from TAX (HB1980)
02/05/2019 - House: Left in Rules

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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