Virginia Senate Bill 459 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression, died in committee
Action: 2024-02-07 - Continued to 2025 in Finance and Appropriations (13-Y 2-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

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.

Income tax, state; rolling conformity.

Sen. Dave Marsden [D]

2024-02-07 - Senate - Senate: Continued to 2025 in Finance and Appropriations (13-Y 2-N) (Y: 13 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-02-07	Senate	Continued to 2025 in Finance and Appropriations (13-Y 2-N)
2024-01-09	Senate	Referred to Committee on Finance and Appropriations
2024-01-09	Senate	Prefiled and ordered printed; offered 01/10/24 24101327D

SB459 (Carry Over) 2024-02-07 - Continued to 2025 in Finance and Appropriations (13-Y 2-N)
HB261 (Similar To) 2024-02-27 - Continued to 2025 in Finance and Appropriations (15-Y 0-N)

Chapter	Article	Section	Citation Type	Statute Text
58	1	301	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB459
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB459+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/24105509A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB459F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+S05V0218+SB0459