SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2011 SESSION

  • | print version

HB 2299 Income and sales & use taxes; removes remaining portion of tax from food for human consumption, etc.

Introduced by: David L. Englin | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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)

FULL TEXT

HISTORY