Virginia Senate Bill 630 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2022 - 25% progression, died in chamber
Action: 2022-02-02 - Incorporated by Finance and Appropriations
Text: Latest bill text (Introduced) [HTML]

Income tax; rolling conformity; report. Provides that, beginning with taxable year 2022, Virginia shall generally conform to federal tax laws on a rolling basis, meaning that Virginia tax laws incorporate changes to the Internal Revenue Code as soon as Congress enacts them. However, the bill provides that Virginia shall not conform to (i) any changes in a single act of Congress with an impact of more than 0.3 percent on revenues in the year in which the amendment was enacted or any of the next four years and (ii) all changes enacted by Congress during the taxable year if their aggregate impact is more than 0.6 percent on the revenues for that year or any of the next four years.

Income tax, state; rolling conformity, report.

Sen. George Barker [D]

2022-02-02 - Senate - Senate: Incorporated by Finance and Appropriations (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-02-02	Senate	Incorporated by Finance and Appropriations
2022-01-17	Senate	Referred to Committee on Finance and Appropriations
2022-01-17	Senate	Presented and ordered printed 22104076D

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?221+sum+SB630
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB630+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+SB630F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+S05V0077+SB0630