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Virginia · 2025 Regular Session · Bill

HB 261: Income tax, state; conformity to Internal Revenue Code.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 261 is a bill introduced in the Virginia House on January 5, 2024. According to its official title, it concerns: Income tax, state; conformity to Internal Revenue Code. Primary sponsor: Joe McNamara (Republican). It lists 1 additional sponsor. Most recent recorded action (November 19, 2024): Left in Finance and Appropriations.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 1 · Republican 1

NameRolePartyChamberDistrict
Joe McNamaraPrimary sponsorRepublicanHouse40
Vivian WattsCo-sponsorDemocraticHouse14

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Left in Finance and Appropriations
  2. Continued to 2025 in Finance and Appropriations (15-Y 0-N)
  3. Impact statement from TAX (HB261E)
  4. Referred to Committee on Finance and Appropriations
  5. Constitutional reading dispensed (on 1st reading)
  6. VOTE: Block Vote Passage (99-Y 0-N)
  7. Read third time and passed House BLOCK VOTE (99-Y 0-N)
  8. Printed as engrossed 24101430D-E
  9. Engrossed by House as amended HB261E
  10. Committee amendment agreed to
  11. Read second time
  12. Read first time

Showing 12 most recent of 16 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source