VA SB560 | 2023 | Regular Session
Note: Carry Over of previous SB560
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-11-21 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-11-21 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
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 for taxable years 2026 and after, when, under current law, the standard deduction is scheduled to be reduced to $3,000 for single filers and to $6,000 for married filers.
Title
Income tax, state; increases standard deduction for single filers and married persons.
Sponsors
Roll Calls
2022-02-08 - Senate - Senate: Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A) (Y: 11 N: 3 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-11-21 | Senate | Left in Finance and Appropriations |
| 2022-02-08 | Senate | Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A) |
| 2022-01-12 | Senate | Referred to Committee on Finance and Appropriations |
| 2022-01-12 | Senate | Prefiled and ordered printed; offered 01/12/22 22100742D |
Same As/Similar To
SB560 (Carry Over) 2022-02-08 - Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A)
