HB2193
Income tax, state; rolling conformity, report.
Summary
As Passed Both Chambers. Income tax; rolling conformity; report.
Provides that Virginia shall generally conform to federal tax laws on a rolling basis, meaning that Virginia tax laws incorporate changes to federal income tax law as soon as Congress enacts them on or after January 1, 2023. However, the bill provides that Virginia shall not conform to (i) any ... (More) changes in a single act of Congress with an impact of more than $15 million on revenues in the year in which the amendment was enacted or any of the next four years and (ii) all amendments in a year with a cumulative projected impact of more than $75 million in the year in which the amendments were enacted or any of the next four years. For any amendment enacted on or after January 1, 2024, the $15 million per act impact threshold shall be adjusted annually by the change in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for the previous year. This bill is identical to SB 1405.(Less)
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Bill History
- 01/11/2023 - House: Prefiled and ordered printed; offered 01/11/23 23100949D
- 01/11/2023 - House: Referred to Committee on Finance
- 01/19/2023 - House: Assigned Finance sub: Subcommittee #1
- 01/29/2023 - House: Impact statement from TAX (HB2193)
- 02/01/2023 - House: Reported from Finance with amendment(s) (22-Y 0-N)
- 02/02/2023 - House: House committee, floor amendments and substitutes offered
- 02/03/2023 - House: Read first time
- 02/06/2023 - House: Read second time
- 02/06/2023 - House: Committee amendment agreed to
- 02/06/2023 - House: Engrossed by House as amended HB2193E
- 02/06/2023 - House: Printed as engrossed 23100949D-E
- 02/07/2023 - House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/07/2023 - House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/08/2023 - Senate: Constitutional reading dispensed
- 02/08/2023 - Senate: Referred to Committee on Finance and Appropriations
- 02/09/2023 - House: Impact statement from TAX (HB2193E)
- 02/14/2023 - Senate: Senate committee, floor amendments and substitutes offered
- 02/14/2023 - Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
- 02/14/2023 - Senate: Committee substitute printed 23106740D-S1
- 02/14/2023 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/2023 - Senate: Read third time
- 02/15/2023 - Senate: Committee substitute agreed to 23106740D-S1
- 02/15/2023 - Senate: Engrossed by Senate - committee substitute HB2193S1
- 02/15/2023 - Senate: Passed Senate with substitute (40-Y 0-N)
- 02/15/2023 - House: Senate substitute rejected by House 23106740D-S1 (0-Y 97-N)
- 02/15/2023 - House: VOTE: REJECTED (0-Y 97-N)
- 02/15/2023 - Senate: Senate insisted on substitute (40-Y 0-N)
- 02/15/2023 - Senate: Senate requested conference committee
- 02/15/2023 - Senate: Conferees appointed by Senate
- 02/15/2023 - Senate: Senators: Howell, Barker, Newman
- 02/15/2023 - House: House acceded to request
- 02/15/2023 - House: Conferees appointed by House
- 02/15/2023 - House: Delegates: McNamara, Bloxom, Sickles
- 02/24/2023 - Conference: Amended by conference committee
- 02/24/2023 - House: Conference substitute printed 23107535D-H1
- 02/25/2023 - House: Conference report agreed to by House (96-Y 0-N)
- 02/25/2023 - House: VOTE: Adoption (96-Y 0-N)
- 02/25/2023 - Senate: Conference report agreed to by Senate (39-Y 0-N)
- 03/07/2023 - House: Enrolled
- 03/07/2023 - House: Bill text as passed House and Senate (HB2193ER)
- 03/08/2023 - House: Impact statement from TAX (HB2193ER)
- 03/08/2023 - House: Signed by Speaker
- 03/08/2023 - Senate: Signed by President
- 03/13/2023 - House: Enrolled Bill communicated to Governor on March 13, 2023
- 03/13/2023 - Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/27/2023 - House: Governor's recommendation received by House
- 04/12/2023 - House: Placed on Calendar
- 04/12/2023 - House: House concurred in Governor's recommendation BLOCK VOTE (95-Y 0-N)
- 04/12/2023 - House: VOTE: Block Vote Adoption (95-Y 0-N)
- 04/12/2023 - Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/12/2023 - Governor: Governor's recommendation adopted
- 04/12/2023 - House: Reenrolled
- 04/12/2023 - House: Reenrolled bill text (HB2193ER2)
- 04/12/2023 - House: Signed by Speaker as reenrolled
- 04/12/2023 - Senate: Signed by President as reenrolled
- 04/12/2023 - House: Enacted, Chapter 791 (effective 7/1/23)
- 04/12/2023 - Governor: Acts of Assembly Chapter text (CHAP0791)
