Virginia taxable income; deduction for personal exemptions. (SB289)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia taxable income; deduction for personal exemptions. Increases the deduction, for purposes of computing Virginia taxable income, for personal exemptions. For taxable years beginning on and after January 1, 2017, a taxpayer may deduct $1,000 for each personal exemption allowable to the taxpayer on federal income taxes; current law allows a deduction of $930 per exemption. A blind or aged taxpayer may deduct an additional personal exemption in the amount of $900; current law allows an additional deduction of $800. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/07/2016 | Prefiled and ordered printed; offered 01/13/16 16101914D |
01/07/2016 | Referred to Committee on Finance |
01/22/2016 | Impact statement from TAX (SB289) |
02/03/2016 | Passed by indefinitely in Finance (8-Y 7-N) (see vote tally) |