Virginia Senate Bill 788 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on August 22 2016 - 25% progression, died in chamber
Action: 2017-01-24 - Passed by indefinitely in Finance (15-Y 1-N)
Text: Latest bill text (Prefiled) [HTML]

Individual income tax; rate of taxation. Lowers the rate of taxation for each income bracket by one-quarter percent each year for four years beginning in taxable year 2018. For taxable years beginning on and after January 1, 2021, income will be taxed as follows: (i) one percent on income not exceeding $3,000, (ii) two percent on income in excess of $3,000 but not in excess of $5,000, (iii) four percent on income in excess of $5,000 but not in excess of $17,000, and (iv) 4.75 percent on income in excess of $17,000.

Income tax, state; rate of taxation.

Sen. Glen Sturtevant [R]

Sen. Amanda Chase [R]

2017-01-24 - Senate - Senate: Passed by indefinitely in Finance (15-Y 1-N) (Y: 15 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-01-24	Senate	Passed by indefinitely in Finance (15-Y 1-N)
2016-08-22	Senate	Referred to Committee on Finance
2016-08-22	Senate	Prefiled and ordered printed; offered 01/11/17 17100191D

Chapter	Article	Section	Citation Type	Statute Text
58	1	320	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB788
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB788+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S05V0053+SB0788