Income tax, state; increases deduction for personal exemptions. (HB540)

Introduced By

Del. Vivian Watts (D-Annandale) with support from 19 copatrons, whose average partisan position is:

Those copatrons are Del. Lamont Bagby (D-Richmond), Del. Betsy Carr (D-Richmond), Del. Mark Cole (R-Fredericksburg), Del. Steve Heretick (D-Portsmouth), Del. Charniele Herring (D-Alexandria), Del. Mark Keam (D-Vienna), Del. Kaye Kory (D-Falls Church), Del. Paul Krizek (D-Alexandria), Del. Delores McQuinn (D-Richmond), Del. Kathleen Murphy (D-McLean), Del. Ken Plum (D-Reston), Del. Sam Rasoul (D-Roanoke), Del. Marcus Simon (D-Falls Church), Sen. John Bell (D-Chantilly), Sen. Jennifer Boysko (D-Herndon), Sen. Adam Ebbin (D-Alexandria), Sen. Janet Howell (D-Reston), Sen. Don McEachin (D-Richmond), Sen. Dick Saslaw (D-Springfield)

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

DateAction
01/09/2016Prefiled and ordered printed; offered 01/13/16 16101915D
01/09/2016Referred to Committee on Finance
02/02/2016Impact statement from TAX (HB540)
02/09/2016Assigned Finance sub: Subcommittee #1
02/10/2016Subcommittee recommends continuing to 2017
02/15/2016Continued to 2017 in Finance
12/01/2016Left in Finance