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Income tax; pass-through entities; sunset. Removes the sunset for the elective entity level tax on pass-through entities that is currently set to expire after taxable year 2025.
Introduced
Jan 7, 2025
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Passed by indefinitely in Finance and Appropriations (10-Y 3-N)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (92-Y 6-N)
Read second time and engrossed
Read first time
Reported from Finance (17-Y 5-N)
Subcommittee recommends reporting (6-Y 2-N)
Assigned Finance sub: Subcommittee #2
Impact statement from TAX (HB1997)
Prefiled and ordered printed; Offered 01-13-2025 25101843D
Referred to Committee on Finance
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Passed by indefinitely in Finance and Appropriations (10-Y 3-N)
Joseph P. McNamara