2025 Regular SessionVirginia Legislature

HB2643: Estimated tax; failure by individual, trust, or estate to pay.

Legislative Summary

Estimated tax; failure by individual, trust, or estate to pay. Increases from $150 to $1,000 the maximum underpayment of estimated tax for which no addition to tax shall be added.

Demographic Impact

Overall analysis of equity impact

Neutral
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Bill History

1/14/2025
Presented and ordered printed 25104724D
House of Delegates
1/14/2025
Referred to Committee on Finance
House of Delegates
1/20/2025
Assigned Finance sub: Subcommittee #2
House of Delegates
1/21/2025
Impact statement from TAX (HB2643)
House of Delegates
1/21/2025
Subcommittee recommends reporting (8-Y 0-N)
House of Delegates
1/22/2025
Reported from Finance (22-Y 0-N)
House of Delegates
1/24/2025
Read first time
House of Delegates
1/27/2025
Read second time and engrossed
House of Delegates
1/28/2025
Read third time and passed House (99-Y 0-N)
House of Delegates
1/29/2025
Constitutional reading dispensed (on 1st reading)
Senate
1/29/2025
Referred to Committee on Finance and Appropriations
Senate
2/5/2025
Passed by indefinitely in Finance and Appropriations (12-Y 0-N)
Senate

Roll Call Votes

Passed by indefinitely in Finance and Appropriations (12-Y 0-N)
2/5/2025
12
Yea
0
Nay
0
Not Voting
3
Absent
Result: PASSED
Read third time and passed House (99-Y 0-N)
1/28/2025
99
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Reported from Finance (22-Y 0-N)
1/22/2025
22
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Subcommittee recommends reporting (8-Y 0-N)
1/21/2025
8
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED