VA HB2299 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Individual income tax and sales and use tax. Removes the remaining portion of the state sales and use tax (one and one-half percent) from food for human consumption (effective July 1, 2012) and restructures the individual income tax rate brackets for taxable years beginning on or after January 1, 2012. The changes in the individual income tax brackets are as follows: In Excess Of But No More Than Tax Rate $0 $3,000 2.0% (same as current law) $3,000 $5,000 3.0% (same as current law) $5,000 $20,000 5.0% (increase in top income amt) $20,000 $300,000 5.75% (new income amounts) $300,000 6.75% (new top rate)

Tracking Information

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Title

Income and sales & use taxes; removes remaining portion of tax from food for human consumption, etc.

Sponsors


History

DateChamberAction
2011-02-08 House: Left in Finance
2011-01-31 House: Subcommittee recommends passing by indefinitely by voice vote
2011-01-19 House: Assigned Finance sub: #1
2011-01-12 House: Referred to Committee on Finance
2011-01-12 House: Prefiled and ordered printed; offered 01/12/11 11100717D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581320(n/a)See Bill Text
581611.1(n/a)See Bill Text
581638(n/a)See Bill Text

Virginia State Sources


Bill Comments

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