Ways & Means Committee – Week 18, 2021
News Provided By
Share This Article
Division I – Removal of triggers for Contingent Income Tax System
This would remove the “triggers” that must be met to move to the contingent individual income tax system established under SF 2417 in 2018, and make the new system effective for Tax Year 2023. Under SF 2417, the contingent tax system only goes into effect after TY 2023 when two conditions are met: General Fund net receipts for FY22 (or after) exceed $8.31 billion; and net General Fund receipts for that year grow at least 4% above the year prior (equal to or more than 104% of previous year’s net receipts).
SF 619/SSB 1276 – Omnibus tax policy/Mental health funding Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers”
Carroll Foy releases COVID-19 economic recovery plan
Published Tuesday, Jan. 26, 2021, 11:07 am
Join AFP s 100,000+ followers on Facebook
Purchase a subscription to AFP | Subscribe to AFP podcasts on iTunes
News, press releases, letters to the editor: augustafreepress2@gmail.com
Jennifer Carroll Foy
Virginia, on the aggregate, has done reasonably well economically holding up through COVID-19, but more than 200,000 people who lost their jobs because of COVID are still out of work.
Jennifer Carroll Foy, a former state delegate running for the Democratic Party nomination for governor, is working to address where we are, and where we’re headed post-COVID.
Carroll Foy on Tuesday released a policy plan that centers on providing relief to the hundreds of thousands of Virginians who lost work during the pandemic, as well as small businesses traditionally left behind in favor of massive corporations and special interests.