HB48
Income tax, state; rolling conformity with the federal Internal Revenue Code.
Summary
As Introduced. Income tax; rolling conformity with the federal Internal Revenue Code.
Provides that Virginia conform with federal tax laws on a rolling basis, which means that Virginia tax laws incorporate changes to the Internal Revenue Code as soon as Congress enacts them. Under current law, Virginia conforms to federal tax laws as of December 31, 2018.-
Bill History
- 11/25/2019 - House: Prefiled and ordered printed; offered 01/08/20 20100499D
- 11/25/2019 - House: Referred to Committee on Finance
- 01/23/2020 - House: Assigned Finance sub: Subcommittee #1
- 01/26/2020 - House: Impact statement from TAX (HB48)
- 01/27/2020 - House: Subcommittee recommends incorporating (HB734-Watts)
- 01/29/2020 - House: Incorporated by Finance (HB734-Watts)
