Income tax, state; deduction for multigenerational households. (HB1955)

Introduced By

Del. John Avoli (R-Staunton) with support from 6 copatrons, whose average partisan position is:

Those copatrons are Del. Buddy Fowler (R-Ashland), Del. Kaye Kory (D-Falls Church), Del. Danny Marshall (R-Danville), Del. Chris Runion (R-Bridgewater), Del. Wendell Walker (R-Lynchburg), Del. Bill Wiley (R-Winchester)

Description

Income tax deduction; multigenerational households. Creates a $1,000 deduction from Virginia adjusted gross income for taxable years on and after January 1, 2021, for the head of household taxpayer or married taxpayers filing jointly of a multigenerational residence in the Commonwealth comprised of no less than two adult parent-child generations who are living together for the duration of the taxable year in which the deduction is claimed. Read the Bill »

Outcome

History