Travis Hackworth
- Republican
- Senator
- District 5
Primary
Individual income tax subtraction; income earned in certain localities. Directs the Department of Taxation and the Commission on Local Government to assess the need for income tax relief in double distressed localities in the Commonwealth that have experienced significant loss of population since 2013. The Department and the Commission must report on their recommendations to the Governor and the Chairmen of the Senate Committee on Finance and Appropriations and the House Committees on Finance and Appropriations by November 1, 2024.
Individual income tax subtraction; income earnedin certain localities. Provides an income tax subtraction beginningin taxable year 2024 of up to $36,450 for income earned in a doubledistressed Virginia locality that experienced an aggregate populationloss of at least eight percent since January 1, 2020.
Acts of Assembly Chapter text (CHAP0599)
Approved by Governor-Chapter 599 (effective 7/1/24)
Governor's Action Deadline 11:59 p.m., April 8, 2024
Enrolled Bill Communicated to Governor on March 11, 2024
Signed by President
Bill text as passed Senate and House (SB564ER)
Signed by Speaker
Impact statement from TAX (SB564ER)
Enrolled
Passed House (86-Y 12-N)
VOTE: Passage (86-Y 12-N)
Read third time
Read second time
Reported from Appropriations (21-Y 0-N)
Subcommittee recommends referring to Committee on Appropriations
Referred to Committee on Appropriations
Reported from Rules (16-Y 0-N)
Subcommittee recommends reporting (6-Y 0-N)
Assigned Rules sub: Studies Subcommittee
Referred to Committee on Rules
Read first time
Placed on Calendar
Impact statement from TAX (SB564S1)
Impact statement from TAX (SB564)
Reading of substitute waived
Read second time
Passed Senate (38-Y 1-N)
Constitutional reading dispensed (40-Y 0-N)
Engrossed by Senate - committee substitute SB564S1
Committee substitute agreed to 24107260D-S1
Constitutional reading dispensed (40-Y 0-N)
Committee substitute printed 24107260D-S1
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Senate subcommittee amendments and substitutes offered
Senate subcommittee amendments and substitutes offered
Referred to Committee on Finance and Appropriations
Prefiled and ordered printed; offered 01/10/24 24102342D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24102342D | PDF HTML |
| Committee substitute printed 24107260D-S1 | PDF HTML |
| SB564ER | PDF HTML |
| CHAP0599 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: SB564FER161.PDF | |
| Fiscal Impact Statement: SB564FS1161.PDF | |
| Fiscal Impact Statement: SB564F161.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.