VA SB289 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2016 - 25% progression, died in chamber
Action: 2016-02-03 - Passed by indefinitely in Finance (8-Y 7-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 7 2016 - 25% progression, died in chamber
Action: 2016-02-03 - Passed by indefinitely in Finance (8-Y 7-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Virginia taxable income; deduction for personal exemptions. Increases the deduction, for purposes of computing Virginia taxable income, for personal exemptions. For taxable years beginning on and after January 1, 2017, a taxpayer may deduct $1,000 for each personal exemption allowable to the taxpayer on federal income taxes; current law allows a deduction of $930 per exemption. A blind or aged taxpayer may deduct an additional personal exemption in the amount of $900; current law allows an additional deduction of $800.
Title
Virginia taxable income; deduction for personal exemptions.
Sponsors
Roll Calls
2016-02-03 - Senate - Senate: Passed by indefinitely in Finance (8-Y 7-N) (Y: 8 N: 7 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-02-03 | Senate | Passed by indefinitely in Finance (8-Y 7-N) |
2016-01-07 | Senate | Referred to Committee on Finance |
2016-01-07 | Senate | Prefiled and ordered printed; offered 01/13/16 16101914D |