VA SB1451 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 16-0)
Status: Introduced on January 12 2023 - 25% progression, died in chamber
Action: 2023-01-31 - Passed by indefinitely in Finance and Appropriations (10-Y 5-N)
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2023 - 25% progression, died in chamber
Action: 2023-01-31 - Passed by indefinitely in Finance and Appropriations (10-Y 5-N)
Text: Latest bill text (Introduced) [HTML]
Summary
Income tax; rates and deductions. Lowers the top income tax rate from 5.75 percent to 5.5 percent for taxable years beginning on and after January 1, 2024. The bill also raises the standard deduction to $9,000 for single individuals and $18,000 for married persons for taxable years beginning on and after January 1, 2024, but before January 1, 2026.
Title
Income tax, state; lowers rates and raises standard deductions.
Sponsors
Roll Calls
2023-01-31 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (10-Y 5-N) (Y: 10 N: 5 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-01-31 | Senate | Passed by indefinitely in Finance and Appropriations (10-Y 5-N) |
2023-01-12 | Senate | Referred to Committee on Finance and Appropriations |
2023-01-12 | Senate | Presented and ordered printed 23103701D |