Income tax, state; rate increase, funding for schools and law-enforcement officer salaries. (SB1286)

Introduced By

Sen. Creigh Deeds (D-Bath)

Description

Income tax; rate increase; funding for schools and law-enforcement officer salaries. Increases from 5.75 percent to 5.9 percent the income tax rate on income over $150,000. Under current law, the top marginal rate of 5.75 percent applies to income over $17,000. The rate change applies starting with taxable year 2021. The bill requires revenue from the increase to be appropriated for nonrecurring capital expenditures of school divisions and salary increases for state and state-supported law-enforcement officers. Read the Bill »

Outcome

History