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2020 SESSION

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HB 48 Income tax, state; rolling conformity with the federal Internal Revenue Code.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; rolling conformity with the federal Internal Revenue Code. Provides that Virginia conform with federal tax laws on a rolling basis, which means that Virginia tax laws incorporate changes to the Internal Revenue Code as soon as Congress enacts them. Under current law, Virginia conforms to federal tax laws as of December 31, 2018.

FULL TEXT

• 11/25/19  House: Prefiled and ordered printed; offered 01/08/20 20100499D  pdf | impact statement

HISTORY

• 11/25/19  House: Prefiled and ordered printed; offered 01/08/20 20100499D
• 11/25/19  House: Referred to Committee on Finance
• 01/23/20  House: Assigned Finance sub: Subcommittee #1
• 01/27/20  House: Subcommittee recommends incorporating (HB734-Watts) by voice vote
• 01/29/20  House: Incorporated by Finance (HB734-Watts) by voice vote