VA SB179 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2010 - 25% progression, died in chamber
Action: 2010-02-10 - Senate: Continued to 2011 in Finance (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 11 2010 - 25% progression, died in chamber
Action: 2010-02-10 - Senate: Continued to 2011 in Finance (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax laws; conformity to Internal Revenue Code. Advances conformity with federal income tax laws to December 31, 2009, for taxable year 2009 and to December 31, 2010, for taxable year 2010, with three additional exceptions. The bill also provides that amendments to the Internal Revenue will not apply for Virginia tax purposes in taxable years beginning in the calendar year in which the amendments are enacted if the Tax Commissioner determines that (i) the amendment, or combination of related amendments, would reduce Virginia tax revenue by $5 million or more in any fiscal year, or (ii) any group of amendments would together reduce Virginia tax revenue by $25 million or more in any fiscal year.
Title
Income tax laws; conformity to Internal Revenue Code.
Sponsors
Roll Calls
2010-02-10 - Senate - Senate: Continued to 2011 in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2010-02-10 | Senate: Continued to 2011 in Finance (15-Y 0-N) | |
2010-01-11 | Senate: Referred to Committee on Finance | |
2010-01-11 | Senate: Prefiled and ordered printed with emergency clause; offered 01/13/10 10103592D |