HJ 24

Abstract

Study; JLARC; increasing the progressivity ofVirginia's individual income tax system; report. Requires theJoint Legislative Audit and Review Commission to continue its studyof increasing the progressivity of Virginia's individual income taxsystem and to also study (i) the composite index of local ability-to-paypublic school funding formula and changes that could be made to theindicators of such local ability-to-pay or the weights assigned theretoand (ii) permitting local governing bodies to tax adjusted grossincome in order to promote greater fairness and more equitable accessto the resources needed to provide excellence in public educationin every local school division in the Commonwealth. The meeting andreporting deadlines in the original study are unaffected by the additionalstudy tasks.