Joe McNamara
- Republican
- Delegate
- District 40
Primary
Income tax; rolling conformity. Provides that when Virginia does not conform on a rolling basis to federal tax laws due to any changes in a single act of Congress with an impact of more than $15 million on revenues in the year in which the amendment was enacted or any of the next four years, such nonconformity shall not be considered for purposes of calculating the nonconformity threshold for all amendments in a year with a cumulative projected impact of more than $75 million in the year in which the amendments were enacted or any of the next four years.
A BILL to amend and reenact ยง 58.1-301 of the Code of Virginia, relating to income tax; rolling conformity.
Left in Finance and Appropriations
Continued to 2025 in Finance and Appropriations (15-Y 0-N)
Impact statement from TAX (HB261E)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Finance and Appropriations
VOTE: Block Vote Passage (99-Y 0-N)
Read third time and passed House BLOCK VOTE (99-Y 0-N)
Printed as engrossed 24101430D-E
Read second time
Committee amendment agreed to
Engrossed by House as amended HB261E
Read first time
Reported from Finance with amendment(s) (21-Y 0-N)
Impact statement from TAX (HB261)
Prefiled and ordered printed; offered 01/10/24 24101430D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Engrossed | HTML PDF |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Impact statement from TAX (HB261) | |
| Impact statement from TAX (HB261E) |
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