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

Standard deduction from Virginia taxable income; increasing. 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
12/10/2019Committee
12/10/2019Prefiled and ordered printed; offered 01/08/20 20101214D
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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