Virginia taxable income; deduction for personal exemptions. (SB289)

Introduced By

Sen. Janet Howell (D-Reston)

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. Amends § 58.1-322, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2016Prefiled and ordered printed; offered 01/13/16 16101914D
01/07/2016Referred to Committee on Finance
01/22/2016Impact statement from TAX (SB289)
02/03/2016Passed by indefinitely in Finance (8-Y 7-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB540 and SB685.