VA HB1997 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on January 27 2025 - 50% progression
Action: 2025-01-29 - Referred to Committee on Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Engrossed on January 27 2025 - 50% progression
Action: 2025-01-29 - Referred to Committee on Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Income tax; pass-through entities; sunset. Removes the sunset for the elective entity level tax on pass-through entities which is currently set to expire after taxable year 2025.
Title
Income tax, state; pass-through entities, sunset.
Sponsors
Roll Calls
2025-01-28 - House - Read third time and passed House (92-Y 6-N) (Y: 92 N: 6 NV: 0 Abs: 2) [PASS]
2025-01-22 - House - Reported from Finance (17-Y 5-N) (Y: 17 N: 5 NV: 0 Abs: 0) [PASS]
2025-01-21 - House - Subcommittee recommends reporting (6-Y 2-N) (Y: 6 N: 2 NV: 0 Abs: 1) [PASS]
2025-01-22 - House - Reported from Finance (17-Y 5-N) (Y: 17 N: 5 NV: 0 Abs: 0) [PASS]
2025-01-21 - House - Subcommittee recommends reporting (6-Y 2-N) (Y: 6 N: 2 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-29 | Senate | Referred to Committee on Finance and Appropriations |
| 2025-01-29 | Senate | Constitutional reading dispensed (on 1st reading) |
| 2025-01-28 | House | Read third time and passed House (92-Y 6-N) |
| 2025-01-27 | House | Read second time and engrossed |
| 2025-01-24 | House | Read first time |
| 2025-01-22 | House | Reported from Finance (17-Y 5-N) |
| 2025-01-21 | House | Subcommittee recommends reporting (6-Y 2-N) |
| 2025-01-20 | House | Assigned Finance sub: Subcommittee #2 |
| 2025-01-18 | House | Impact statement from TAX (HB1997) |
| 2025-01-07 | House | Referred to Committee on Finance |
| 2025-01-07 | House | Prefiled and ordered printed; Offered 01-13-2025 25101843D |
