Income tax, state; increases standard deduction. (HB472)
Introduced By
Del. Joe McNamara (R-Roanoke) with support from 6 copatrons, whose average partisan position is:
Those copatrons are Del. Glenn Davis (R-Virginia Beach), Del. Karen Greenhalgh (R-Virginia Beach), Del. Wendell Walker (R-Lynchburg), Del. Lee Ware (R-Powhatan), Sen. Frank Ruff (R-Clarksville), Sen. David Suetterlein (R-Salem)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; standard deduction. Increases the standard deduction, starting with taxable year 2022, from $4,500 to $9,000 for single filers and from $9,000 to $18,000 for married filers (one-half of such amount in the case of a married individual filing a separate return). The increase would remain in effect until taxable year 2026, when the standard deduction is scheduled to be reduced to $3,000 for single filers and to $6,000 for married filers. Read the Bill »
Status
02/16/2022: In Committee
History
Date | Action |
---|---|
01/11/2022 | Committee |
01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22100741D |
01/11/2022 | Referred to Committee on Finance |
01/23/2022 | Impact statement from TAX (HB472) |
01/27/2022 | Assigned Finance sub: Subcommittee #1 |
02/02/2022 | House committee, floor amendments and substitutes offered |
02/02/2022 | Committee substitute printed 22105245D-H1 |
02/02/2022 | Reported from Finance with substitute (11-Y 10-N) (see vote tally) |
02/02/2022 | Referred to Committee on Appropriations |
02/11/2022 | Reported from Appropriations (10-Y 8-N) (see vote tally) |
02/13/2022 | Read first time |
02/14/2022 | Read second time |
02/14/2022 | Committee substitute agreed to 22105245D-H1 |
02/14/2022 | Engrossed by House - committee substitute HB472H1 |
02/15/2022 | Read third time and passed House (52-Y 48-N) |
02/15/2022 | VOTE: Passage (52-Y 48-N) (see vote tally) |
02/16/2022 | Constitutional reading dispensed |
02/16/2022 | Referred to Committee on Finance and Appropriations |
02/18/2022 | Impact statement from TAX (HB472H1) |
03/01/2022 | Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A) (see vote tally) |
Post a Public Comment About this Bill