Income tax, state; conformity of taxation system with the IRC, taxable income deductions, etc. (SB1372)

Introduced By

Sen. Tommy Norment (R-Williamsburg) with support from 10 copatrons, whose average partisan position is:

Those copatrons are Sen. Ben Chafin (R-Lebanon), Sen. Amanda Chase (R-Midlothian), Sen. Bill DeSteph (R-Virginia Beach), Sen. Siobhan Dunnavant (R-Henrico), Sen. Emmett Hanger (R-Mount Solon), Sen. Ryan McDougle (R-Mechanicsville), Sen. Steve Newman (R-Forest), Sen. Richard Stuart (R-Westmoreland), Sen. Glen Sturtevant (R-Midlothian), Sen. David Suetterlein (R-Salem)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Income tax; conformity. Advances conformity of the Commonwealth's tax code with the federal tax code to December 31, 2018, effective starting in taxable year 2018. Starting in taxable year 2019, the bill deconforms from the provisions of the federal Tax Cuts and Jobs Act (TCJA) that limit the deduction for state and local taxes and that suspend the overall limit on itemized deductions. The bill establishes income tax subtractions starting in taxable year 2018 for Global Intangible Low-Taxed Income (GILTI) and for one-fifth of the amount of business interest that is disallowed as a deduction from federal income tax. The bill increases the standard deduction to $4,500 for single individuals and $9,000 for married persons filing jointly for taxable years 2019 through 2025. Under current law, the standard deduction is $3,000 for single individuals and $6,000 for married couples filing jointly. The bill provides for a refund, not to exceed a taxpayer's tax liability of up to $110 for individuals and $220 for married persons filing a joint return. The refund will be issued in October 2019 and will be available only for a taxpayer filing a final return by July 2019. The refunds will be reduced and prorated if the additional revenues generated by the TCJA are insufficient to fully fund the refunds. The bill establishes the Taxpayer Relief Fund (the Fund). For fiscal years 2019 through 2025, any additional revenues attributable to the TCJA, beyond those necessary to fund the provisions of the bill, would accrue to the Fund. The bill directs the General Assembly to appropriate money from the Fund to enact permanent or temporary tax reform measures. The bill contains an emergency clause and is identical to HB 2529. Read the Bill »


Bill Has Passed


01/08/2019Prefiled and ordered printed with emergency clause; offered 01/09/19 19101062D
01/08/2019Referred to Committee on Finance
01/18/2019Impact statement from TAX (SB1372)
01/30/2019Reported from Finance with substitute (11-Y 5-N) (see vote tally)
01/30/2019Committee substitute printed 19106153D-S1
01/30/2019Incorporates SB1237 (DeSteph)
01/30/2019Incorporates SB1320 (Hanger)
01/30/2019Incorporates SB1443 (Stuart)
01/30/2019Incorporates SB1531 (Sturtevant)
01/30/2019Incorporates SB1631 (Dunnavant)
01/30/2019Incorporates SB1657 (McDougle)
01/30/2019Incorporates SB1739 (Newman)
01/30/2019Read first time
01/31/2019Floor substitute printed 19106240D-S2 (Saslaw)
01/31/2019Passed by temporarily
01/31/2019Read second time
01/31/2019Reading of substitute waived
01/31/2019Committee substitute agreed to (21-Y 19-N) (see vote tally)
01/31/2019Substitute by Senator Saslaw ruled out of order 19106240D-S2
01/31/2019Title replaced 19106153D-S1
01/31/2019Engrossed by Senate - committee substitute SB1372S1
02/01/2019Read third time and defeated by Senate (20-Y 20-N) (see vote tally)
02/01/2019Requires 32 affirmative votes for passage
02/01/2019Reconsideration of defeated action agreed to by Senate (40-Y 0-N) (see vote tally)
02/01/2019Engrossment reconsidered by Senate (40-Y 0-N) (see vote tally)
02/01/2019Reading of amendment waived
02/01/2019Amendment by Senator Norment agreed to (23-Y 17-N) (see vote tally)
02/01/2019Emergency clause deleted
02/01/2019Engrossed by Senate - committee substitute with amendment SB1372ES1
02/01/2019Printed as engrossed 19106153D-ES1
02/01/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/01/2019Passed Senate (21-Y 19-N) (see vote tally)
02/01/2019Impact statement from TAX (SB1372S1)
02/06/2019Placed on Calendar
02/06/2019Read first time
02/06/2019Referred to Committee on Finance
02/07/2019Impact statement from TAX (SB1372ES1)
02/08/2019House committee, floor amendments and substitutes offered
02/08/2019Reported from Finance with substitute (20-Y 1-N) (see vote tally)
02/08/2019Committee substitute printed 19106584D-H1
02/08/2019Read second time
02/11/2019Floor substitute printed 19106750D-H2 (Jones, S.C.)
02/11/2019Read third time
02/11/2019Passed by temporarily
02/11/2019Committee substitute rejected 19106584D-H1
02/11/2019Substitute by Delegate Jones, S.C. agreed to 19106750D-H2
02/11/2019Engrossed by House - floor substitute SB1372H2
02/11/2019Pending question ordered
02/11/2019Defeated by House (74-Y 24-N)
02/11/2019VOTE: DEFEATED (74-Y 24-N) (see vote tally)
02/11/2019Requires 80 affirmative votes to pass
02/11/2019Reconsideration of defeated action agreed to by House
02/11/2019Passed House with substitute (95-Y 4-N)
02/11/2019VOTE: PASSAGE #2 (95-Y 4-N) (see vote tally)
02/12/2019House substitute agreed to by Senate (38-Y 2-N) (see vote tally)
02/12/2019Emergency clause added
02/12/2019Title replaced 19106750D-H2
02/12/2019Bill text as passed Senate and House (SB1372ER)
02/12/2019Impact statement from TAX (SB1372ER)
02/12/2019Signed by Speaker
02/13/2019G Governor's Action Deadline Midnight, January 20, 2019
02/13/2019Signed by President
02/13/2019Enrolled Bill Communicated to Governor on February 13, 2019
02/13/2019G Governor's Action Deadline Midnight, February 20, 2019
02/15/2019G Approved by Governor-Chapter 18 (effective 2/15/19)
02/15/2019G Acts of Assembly Chapter text (CHAP0018)


Bill writes:

Conformity now!
Inflation has cut the standard deduction in half.