The local income tax bill that passed the Senate [1] last week came before the House Finance subcommittee #2 on Wednesday, where it was tabled by a 7-3 vote [2].
This sweeping rewrite of the Virginia code would have allowed several Virginia localities to impose income taxes of up to one percent on individuals, trusts and corporations without first putting such measures to a referendum, while also removing both the sunset provision and the language that would have dedicated all monies raised to transportation.
Given that the Senate’s version of the transportation bill [3] gives local governments the option of imposing a one percent sales tax specifically for transportation projects, perhaps it was deemed unnecessary.
Or some Virginians just dodged a bullet. For now.