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2013 SESSION

• | print version

HB 1888 Income tax, state and fuels taxes; adjusted for inflation.

Introduced by: James M. LeMunyon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Individual income tax and fuels taxes; adjusted for inflation. Adjusts elements of Virginia's individual income tax and fuels taxes annually to account for inflation. The individual income tax income brackets, return filing thresholds, standard deduction, and personal exemption amounts would be adjusted annually beginning in 2014 by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, from October 1 through September 30 for the immediately preceding year. Virginia's fuels taxes would be adjusted each July 1 beginning in 2013 by the percentage change in the U.S. Department of Labor's Producer Price Index for Other Nonresidential Construction - Land Transportation from May 1 through April 30 immediately preceding the affected July 1.

FULL TEXT

• 01/08/13  House: Prefiled and ordered printed; offered 01/09/13 13100618D  pdf | impact statement

HISTORY

• 01/08/13  House: Prefiled and ordered printed; offered 01/09/13 13100618D
• 01/08/13  House: Referred to Committee on Finance
• 01/23/13  House: Incorporated by Finance (HB2313-Howell, W.J.) by voice vote