Income tax, state; rolling conformity.
Summary
Income tax; rolling conformity. Provides that when Virginia does not conform on a rolling basis to federal tax laws due to any changes in a single act of Congress with an impact of more than $15 million on revenues in the year in which the amendment was enacted or any of the next four years, such nonconformity shall not be considered for purposes of calculating the nonconformity threshold for all amendments in a year with a cumulative projected impact of more than $75 million in the year in which the amendments were enacted or any of the next four years.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Nov 19, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
2
Feb 6, 2024
Upper · Passed
Senate subcommittee amendments and substitutes offered
upper
Jan 9, 2024
Committee
Referred to Committee on Finance and Appropriations
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Dave Marsden
DDemocratic
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