Income tax, state; Virginia's standard deduction equivalent to federal standard deduction. (SB7)

Introduced By

Progress

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

Description

Income tax; standard deduction. Provides that for taxable years beginning on and after January 1, 2022, Virginia's standard deduction shall be in an amount equivalent to the federal standard deduction. Read the Bill »

Status

12/06/2021: Awaiting a Vote in the Finance and Appropriations Committee

History

Date	Action
12/06/2021	Prefiled and ordered printed; offered 01/12/22 22100571D
12/06/2021	Referred to Committee on Finance and Appropriations

Post a Public Comment About this Bill

Photosynthesis

This bill is being tracked by one member, Vivian P.

Cast Your Vote

Do you think this bill should become law?

More Information

Related Bills

SB16: Income tax, state; Education Improvement Scholarships tax credits.
SB11: Income tax, state; increases standard deduction for single and married filers.
HB377: Charitable institutions and associations; local appropriations to faith-based organizations.
HB847: Coastal Virginia Resiliency Authority; established, report.
HB739: Shoreline improvements, existing; repair and maintenance.