VA HB1888 | 2013 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2013 - 25% progression, died in chamber
Action: 2013-01-23 - Incorporated by Finance
Text: Latest bill text (Prefiled) [HTML]

Summary

Individual income tax and fuels taxes; adjusted for inflation. Adjusts elements of Virginia's individual income tax and fuels taxes annually to account for inflation. The individual income tax income brackets, return filing thresholds, standard deduction, and personal exemption amounts would be adjusted annually beginning in 2014 by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, from October 1 through September 30 for the immediately preceding year. Virginia's fuels taxes would be adjusted each July 1 beginning in 2013 by the percentage change in the U.S. Department of Labor's Producer Price Index for Other Nonresidential Construction - Land Transportation from May 1 through April 30 immediately preceding the affected July 1.

Tracking Information

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Title

Income tax, state and fuels taxes; adjusted for inflation.

Sponsors


History

DateChamberAction
2013-01-23HouseIncorporated by Finance
2013-01-08HouseReferred to Committee on Finance
2013-01-08HousePrefiled and ordered printed; offered 01/09/13 13100618D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812217(n/a)See Bill Text
5812249(n/a)See Bill Text
5812289(n/a)See Bill Text
5812701(n/a)See Bill Text
5812706(n/a)See Bill Text
581320(n/a)See Bill Text
581321(n/a)See Bill Text
581322(n/a)See Bill Text

Virginia State Sources


Bill Comments

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