Virginia taxable income; deduction for personal exemptions. (SB289)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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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) |