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

Introduced By

Progress

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

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 »

Status

01/11/2021: Awaiting a Vote in the Finance Committee

History

Date	Action
01/11/2021	Committee
01/11/2021	Prefiled and ordered printed; offered 01/13/21 21100691D
01/11/2021	Referred to Committee on Finance