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HB2673

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

Status:
Killed

Chief Patron:
Dawn Adams (D)

Session:
2019 Regular Session

Summary

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

Advances the Commonwealth's conformity with federal tax law to December 31, 2018, starting with taxable year 2019. The bill allows an individual taxpayer to itemize for state income tax purposes regardless of whether he itemizes on his federal return for taxable years 2019 through 2025. Current law requires a taxpayer to claim the standard deduction on his state return if he claims the standard deduction on his federal return. (Less)

  • Bill History

  • 01/13/2019 - House: Presented and ordered printed 19103821D
  • 01/13/2019 - House: Referred to Committee on Rules
  • 01/28/2019 - House: Impact statement from TAX (HB2673)
  • 02/05/2019 - House: Left in Rules

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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