Income tax, state; increases the standard deduction from Virginia taxable income. (HB89)

Introduced By

Del. Joe McNamara (R-Roanoke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Increasing the standard deduction from Virginia taxable income. Increases the standard deduction for taxable years beginning on and after January 1, 2020, but before January 1, 2026, by 1.8 percent to $4,581 for single individuals and $9,162 for married persons (one-half of such amounts in the case of a married individual filing a separate return). Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/10/2019Prefiled and ordered printed; offered 01/08/20 20101214D
12/10/2019Committee
12/10/2019Referred to Committee on Finance
01/23/2020Assigned Finance sub: Subcommittee #3
01/23/2020Impact statement from TAX (HB89)
01/24/2020Subcommittee recommends laying on the table (5-Y 2-N)
02/11/2020Left in Finance

Comments

Bill Peabody writes:

The right direction,but painfully incremental.

Ronald N Quasebarth writes:

I have a serious cancer and need some extra help even if it's just a little.

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