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2020 SESSION

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HB 1413 Commonwealth's tax system; conformity with the Internal Revenue Code.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Conformity to Internal Revenue Code. Advances the date by which Virginia conforms to the Internal Revenue Code from December 31, 2018, to December 31, 2019. However, the bill deconforms from a provision of federal law that temporarily reduces the medical expense deduction floor from 10 percent to 7.5 percent. The bill includes an emergency clause and applies to taxable years beginning on and after January 1, 2018. This bill is identical to SB 582.


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