VirginiaIncome tax, state; creation of currently not collectible status.
What it does
Individual income taxes; creation of currently not collectible status. Directs the Department of Taxation to create a form through which taxpayers may file for currently not collectible status and specifies that corporations, partnerships, and limited liability companies shall be ineligible for such status. The bill provides that the Department shall place an applicant into such status upon a finding that the collection of income taxes from such applicant would create or exacerbate an undue hardship for such applicant.
More detail
Such applicant shall reapply for such status annually. This bill incorporates HB 2667 and has a delayed effective date of July 1, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 11Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N). Result: pass.Upper
- Feb 11Impact statement from TAX (HB2549)
- Jan 29Referred to Committee on Finance and AppropriationsMinor
- Jan 29Constitutional reading dispensed (on 1st reading)
- Jan 28Read third time and passed House (52-Y 47-N)Passed House
- Vote recorded Read third time and passed House (52-Y 47-N). Result: pass.Lower
- Jan 27Engrossed by House - committee substituteMajor
- Jan 27Finance Substitute agreed to
- Jan 27Read second timeMinor
- Jan 24Read first timeMinor
- Jan 22Committee substitute printed 25105778D-H1Major
- Vote recorded Reported from Finance with substitute (12-Y 10-N). Result: pass.Lower
- Jan 22Incorporates HB2667(Taylor)
- Jan 22Reported from Finance with substitute (12-Y 10-N)Minor
- Jan 21Subcommittee recommends reporting with substitute (5-Y 3-N)Major
- Vote recorded Subcommittee recommends reporting with substitute (5-Y 3-N). Result: pass.Lower
- Jan 21Impact statement from TAX (HB2549)
- Jan 20Assigned Finance sub: Subcommittee #2Minor
- Jan 10Referred to Committee on FinanceMinor
- Jan 10Prefiled and ordered printed; Offered 01-08-2025 25102759DIntroduced
- Feb 11Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N)Latest