VA SB459 | 2025 | Regular Session
Note: Carry Over of previous SB459
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-11-19 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-11-19 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; rolling conformity. Provides that when Virginia does not conform on a rolling basis to federal tax laws due to any changes in a single act of Congress with an impact of more than $15 million on revenues in the year in which the amendment was enacted or any of the next four years, such nonconformity shall not be considered for purposes of calculating the nonconformity threshold for all amendments in a year with a cumulative projected impact of more than $75 million in the year in which the amendments were enacted or any of the next four years.
Title
Income tax, state; rolling conformity.
Sponsors
Roll Calls
2024-02-07 - Senate - Senate: Continued to 2025 in Finance and Appropriations (13-Y 2-N) (Y: 13 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-11-19 | Senate | Left in Finance and Appropriations |
| 2024-02-07 | Senate | Continued to 2025 in Finance and Appropriations (13-Y 2-N) |
| 2024-02-06 | Senate | Senate subcommittee amendments and substitutes offered |
| 2024-01-16 | Senate | Impact statement from TAX (SB459) |
| 2024-01-09 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-09 | Senate | Prefiled and ordered printed; offered 01/10/24 24101327D |
Same As/Similar To
SB459 (Carry Over) 2024-02-07 - Continued to 2025 in Finance and Appropriations (13-Y 2-N)
