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2000 SESSION

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SB 347 Income tax; personal exemption amount.

Introduced by: D. Nick Rerras | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; personal exemption amount. Beginning with the January 1, 2000, taxable year, increases the personal exemption for Virginia taxable income purposes from $800 to $1,200 for each personal exemption allowable to the taxapayer for federal income tax purposes. For taxable years beginning on and after January 1, 2001, the $1,200 personal exemption will increase based upon annual increases in the Consumer Price Index.

FULL TEXT

• 01/19/00  Senate: Presented & ordered printed 000276522  pdf

HISTORY

• 01/19/00  Senate: Presented & ordered printed 000276522
• 01/19/00  Senate: Referred to Committee on Finance
• 02/02/00  Senate: Continued to 2001 in Finance (16-Y 0-N)