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HB2529

Income tax, state; conformity of taxation system with the IRC, taxable income deductions, etc.

Status:
Enacted

Chief Patron:
Tim Hugo (R)

Session:
2019 Regular Session

Summary

As Passed Both Chambers. Income tax; conformity.

Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018, effective starting in taxable year 2018. Starting in taxable year 2019, the bill deconforms from the provisions of the federal Tax Cuts and Jobs Act (TCJA) that limit the deduction for state and local taxes and that suspend the overall limit on itemized deductions. (Less)

  • Bill History

  • 01/09/2019 - House: Prefiled and ordered printed; offered 01/09/19 19104278D
  • 01/09/2019 - House: Referred to Committee on Rules
  • 01/23/2019 - House: Referred from Rules
  • 01/23/2019 - House: Referred to Committee on Finance
  • 01/25/2019 - House: Fiscal impact review from JLARC (HB2529)
  • 01/27/2019 - House: Impact statement from TAX (HB2529)
  • 01/28/2019 - House: House committee, floor amendments and substitutes offered
  • 01/28/2019 - House: Reported from Finance with substitute (12-Y 10-N)
  • 01/28/2019 - House: Committee substitute printed 19104698D-H1
  • 01/30/2019 - House: Read first time
  • 01/31/2019 - House: Passed by for the day
  • 02/01/2019 - House: Read second time
  • 02/01/2019 - House: Passed by temporarily
  • 02/01/2019 - House: Committee substitute agreed to 19104698D-H1
  • 02/01/2019 - House: Pending question ordered
  • 02/01/2019 - House: Engrossed by House - committee substitute (51-Y 43-N) HB2529H1
  • 02/01/2019 - House: VOTE: ENGROSSMENT (51-Y 43-N)   Close Floor Vote
  • 02/04/2019 - House: Passed by temporarily
  • 02/04/2019 - House: Motion to pass by until end of calendar agreed to
  • 02/04/2019 - House: Passed by for the day
  • 02/05/2019 - House: Motion to pass by temporarily until completion of HB2355 agreed to
  • 02/05/2019 - House: Pending question ordered
  • 02/05/2019 - House: Read third time and passed House (51-Y 48-N)
  • 02/05/2019 - House: VOTE: PASSAGE (51-Y 48-N)   Close Floor Vote
  • 02/06/2019 - Senate: Constitutional reading dispensed
  • 02/06/2019 - Senate: Referred to Committee on Finance
  • 02/07/2019 - House: Impact statement from TAX (HB2529H1)
  • 02/08/2019 - Senate: Reported from Finance with substitute (14-Y 0-N)
  • 02/08/2019 - Senate: Committee substitute printed 19106602D-S1
  • 02/08/2019 - Senate: Incorporates HB2355 (Jones, S.C.)
  • 02/08/2019 - Senate: Read second time
  • 02/11/2019 - Senate: Read third time
  • 02/11/2019 - Senate: Passed by temporarily
  • 02/11/2019 - Senate: Reading of substitute waived
  • 02/11/2019 - Senate: Committee substitute rejected 19106602D-S1
  • 02/11/2019 - Senate: Floor substitute printed 19106700D-S2 (Newman)
  • 02/11/2019 - Senate: Reading of substitute waived
  • 02/11/2019 - Senate: Substitute by Senator Newman agreed to 19106700D-S2
  • 02/11/2019 - Senate: Engrossed by Senate - floor substitute HB2529S2
  • 02/11/2019 - Senate: Passed Senate with substitute (35-Y 5-N)
  • 02/12/2019 - House: Placed on Calendar
  • 02/12/2019 - House: Read third time
  • 02/12/2019 - House: Senate substitute agreed to by House 19106700D-S2 (95-Y 4-N)
  • 02/12/2019 - House: Emergency clause added
  • 02/12/2019 - House: VOTE: ADOPTION EMERGENCY (95-Y 4-N)
  • 02/12/2019 - House: Enrolled
  • 02/12/2019 - House: Bill text as passed House and Senate (HB2529ER)
  • 02/12/2019 - House: Impact statement from TAX (HB2529ER)
  • 02/12/2019 - House: Signed by Speaker
  • 02/13/2019 - Senate: Signed by President
  • 02/13/2019 - House: Enrolled Bill communicated to Governor on February 13, 2019
  • 02/13/2019 - Governor: Governor's Action Deadline Midnight, February 20, 2019
  • 02/15/2019 - Governor: Approved by Governor-Chapter 17 (effective 2/15/19)
  • 02/15/2019 - Governor: Acts of Assembly Chapter text (CHAP0017)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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