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HB2086

Income tax, state; conformity, increase in standard deduction, refundable income tax credit.

Status:
Killed

Chief Patron:
Vivian Watts (D)

Session:
2019 Regular Session

Summary

As Introduced. Income tax; conformity; increase in standard deduction; refundable income tax credit for low-income taxpayers; emergency.

Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018. However, for taxable years 2018 through 2025, the bill deconforms from the provisions of Public Law 115-97, known as the "Tax Cuts and Jobs Act," that would suspend the overall limitation on itemized deductions.

  • Bill History

  • 01/07/2019 - House: Prefiled and ordered printed with emergency clause; offered 01/09/19 19103890D
  • 01/07/2019 - House: Referred to Committee on Rules
  • 01/28/2019 - House: Impact statement from TAX (HB2086)
  • 02/05/2019 - House: Left in Rules

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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