Virginia Senate Bill 1286 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2021 - 25% progression, died in committee
Action: 2021-02-06 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Income tax; rate increase; funding for schools and law-enforcement officer salaries. Increases from 5.75 percent to 5.9 percent the income tax rate on income over $150,000. Under current law, the top marginal rate of 5.75 percent applies to income over $17,000. The rate change applies starting with taxable year 2021. The bill requires revenue from the increase to be appropriated for nonrecurring capital expenditures of school divisions and salary increases for state and state-supported law-enforcement officers.

Income tax, state; rate increase, funding for schools and law-enforcement officer salaries.

Sen. Creigh Deeds [D]

Date	Chamber	Action
2021-02-06	Senate	Left in Finance and Appropriations
2021-01-11	Senate	Referred to Committee on Finance and Appropriations
2021-01-11	Senate	Prefiled and ordered printed; offered 01/13/21 21101675D

Chapter	Article	Section	Citation Type	Statute Text
58	1	320	(n/a)	See Bill Text
58	1	327	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+SB1286
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB1286+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+SB1286F161+PDF