Income tax, state; increases deduction for personal exemptions. (SB335)

Introduced By

Sen. Siobhan Dunnavant (R-Henrico)

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, 2019, 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 taxpayer who is blind or aged 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
01/08/2018Prefiled and ordered printed; offered 01/10/18 18103154D
01/08/2018Referred to Committee on Finance
01/27/2018Impact statement from TAX (SB335)
01/31/2018Passed by indefinitely in Finance with letter (15-Y 1-N) (see vote tally)