VA SB570 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2016 - 25% progression, died in chamber
Action: 2016-02-09 - Passed by indefinitely in Finance (11-Y 4-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 13 2016 - 25% progression, died in chamber
Action: 2016-02-09 - Passed by indefinitely in Finance (11-Y 4-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Personal income tax relief. Reduces imposition of the personal income tax by increasing the maximum income within each bracket by $1,000 and phasing out the lowest income bracket. Beginning January 1, 2017, the four brackets would be: 0% on the first $4,000 of income, 3% on income in excess of $4,000 but not in excess of $6,000, 5% on income in excess of $6,000 but not in excess of $18,000, and 5.75% on income in excess of $18,000.
Title
Income tax, state; reduces imposition of personal tax by increasing maximum income within bracket.
Sponsors
Roll Calls
2016-02-09 - Senate - Senate: Passed by indefinitely in Finance (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-09 | Senate | Passed by indefinitely in Finance (11-Y 4-N) |
| 2016-01-13 | Senate | Referred to Committee on Finance |
| 2016-01-13 | Senate | Prefiled and ordered printed; offered 01/13/16 16100303D |
