Virginia House Bill 289 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Income tax; indexing brackets and exemptions. Starting with taxable year 2022, indexes income tax brackets, the personal exemption, and the additional personal exemption for the blind or the aged. The bill requires the indexing ratio to be based on any increase in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) compared with 2021 as a reference year; however, the indexing ratio shall not be less than zero and therefore does not function to reduce any bracket or exemption.

Income tax, state; indexing brackets and exemptions.

Del. Joseph McNamara [R]

2022-02-07 - House - House: Subcommittee recommends laying on the table (7-Y 2-N) (Y: 7 N: 2 NV: 0 Abs: 0) [PASS]
2022-02-07 - House - House: Subcommittee recommends laying on the table (6-Y 2-N) (Y: 6 N: 2 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2022-02-15	House	Left in Finance
2022-02-07	House	Subcommittee recommends laying on the table (7-Y 2-N)
2022-01-19	House	Assigned Finance sub: Subcommittee #1
2022-01-11	House	Referred to Committee on Finance
2022-01-11	House	Prefiled and ordered printed; offered 01/12/22 22103394D

Chapter	Article	Section	Citation Type	Statute Text
58	1	302	(n/a)	See Bill Text
58	1	320	(n/a)	See Bill Text
58	1	322.03	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB289
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB289+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB289F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H1001V0029+HB0289
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H1001V0043+HB0289