Virginia HJR15 directs the Department of Taxation to study the impact of repealing the individual income tax.
Virginia HJR15 mandates the Department of Taxation to study the potential effects of repealing the individual income tax. The study will assess alternative revenue sources, including adjusting tax rates, altering sales and use tax bases, and increasing reliance on other taxes. The Department must also consider the legal and administrative feasibility of these options. The study will be supported by the Department of Planning and Budget and other state agencies, with findings reported to the Governor and General Assembly.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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