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‘Trump tax scheme’ or taxpayer relief? Budgets pass easily, and a tax deal is still cooking

‘Trump tax scheme’ or taxpayer relief? Budgets pass easily, and a tax deal is still cooking
February 8, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, February 7, 2019. The House of Delegates and Senate took different paths to passing a new state budget on Thursday, but they could come together soon over Virginia tax policy. The House adopted its version of an amended two-year budget on a 73-25 vote, after a two-hour partisan battle…

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House Appropriations Committee Chairman S. Chris Jones presents the House budget proposal

House Appropriations Committee Chairman S. Chris Jones presents the House budget proposal
February 5, 2019

On Sunday, February 3, the House Committee on Appropriations unanimously passed the House budget proposal (House Bill 1700).  Watch Chairman Jones’ presentation of the proposal HERE.

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‘We’re headed for a pretty disrupted tax season’ as emergency legislation fails in Virginia House of Delegates

‘We’re headed for a pretty disrupted tax season’ as emergency legislation fails in Virginia House of Delegates
February 5, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, February 4, 2019. Emergency legislation to conform Virginia’s tax code with new federal tax law failed in the House of Delegates on Monday, leaving the state unable to process hundreds of thousands of tax returns it already has received for the 2018 tax year. “It looks to me like…

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Money panels back 5-percent teacher raises as Virginia lawmakers press on amid Northam crisis

Money panels back 5-percent teacher raises as Virginia lawmakers press on amid Northam crisis
February 5, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, February 3, 2019. Gov. Ralph Northam’s political fate hangs in the balance, but that did not slow the General Assembly from introducing versions of the state budget on Sunday that both include 5 percent raises for teachers. The House Appropriations Committee led off by passing its version of a…

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How will the Northam drama affect critical tax and budget issues facing Virginia?

How will the Northam drama affect critical tax and budget issues facing Virginia?
February 5, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, February 2, 2019. Whether Gov. Ralph Northam resigns or not, the General Assembly’s money committees will meet on Sunday to issue their versions of the two-year state budget that are sure to contain $1 billion less than the spending plan the governor introduced less than two months ago. Nor…

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Virginia tax officials: a bigger than expected bill from House GOP plan

Virginia tax officials: a bigger than expected bill from House GOP plan
February 1, 2019

BY DAVE RESS Daily Press, January 29, 2019 House Republicans’ revised plans for tax relief would have a $1.5 billion impact on state government revenue this year and next — more than the windfall the state expects to see as result of recent changes to federal tax law, state tax officials say. Appropriations Committee chairman…

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House Republicans propose fund to return $300 million to taxpayers

House Republicans propose fund to return $300 million to taxpayers
January 28, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, January 27, 2019 House Republicans have an answer to calls by Gov. Ralph Northam and his Democratic allies to immediately conform the state tax code to federal tax law as the filing season begins: bring it on. House Appropriations Chairman Chris Jones, R-Suffolk, said he plans to amend his…

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New House panel formed to shepherd Amazon package through assembly

New House panel formed to shepherd Amazon package through assembly
January 17, 2019

BY MICHAEL MARTZ, Richmond Times Dispatch, January 15, 2019 As Amazon’s plan for a new headquarters in Arlington County moves from vision to reality, a new House Appropriations subcommittee has formed to shepherd a proposed package of state commitments through the General Assembly to ensure Virginia lives up to its promises, especially in developing a…

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Appropriations chairman won’t consider $1.2 billion tax windfall in budget until Northam, lawmakers reach tax policy deal

Appropriations chairman won’t consider $1.2 billion tax windfall in budget until Northam, lawmakers reach tax policy deal
January 14, 2019

BY MICHAEL MARTZ Richmond Times Dispatch, January 9, 2019 The House Appropriations Committee quickly dismissed Gov. Ralph Northam’s plan to spend $1.2 billion in “limited time” revenues from federal tax reform without first reaching an agreement with the General Assembly on state tax policy. Appropriations Chairman Chris Jones, R-Suffolk, opened the committee’s first meeting of…

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