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

DateAction
01/04/2017Prefiled and ordered printed; offered 01/11/17 17101801D
01/04/2017Referred to Committee on Finance
01/17/2017Impact statement from TAX (SB1029)
01/25/2017Passed by indefinitely in Finance (16-Y 0-N) (see vote tally)