Virginia taxable income; deduction for personal exemptions. (SB1029)
Introduced By
Sen. Siobhan Dunnavant (R-Henrico) with support from co-patron Sen. Glen Sturtevant (R-Midlothian)
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, 2018, 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 |
---|---|
01/04/2017 | Prefiled and ordered printed; offered 01/11/17 17101801D |
01/04/2017 | Referred to Committee on Finance |
01/17/2017 | Impact statement from TAX (SB1029) |
01/25/2017 | Passed by indefinitely in Finance (16-Y 0-N) (see vote tally) |