Joe McNamara
- Republican
- Delegate
- District 40
Primary
Income tax; deduction for qualified businessincome. Establishes, beginning with tax year 2024, an individualincome tax deduction in an amount equal to 50 percent of certainfederal qualified business income deductions, excluding qualified real estate investment trust dividends.
Left in Finance
Subcommittee recommends laying on the table (7-Y 1-N)
Assigned Finance sub: Subcommittee #1
Impact statement from TAX (HB541)
Prefiled and ordered printed; offered 01/10/24 24101583D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24101583D | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB541F161.PDF |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.