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2001 SESSION

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HB 1975 Income tax; personal exemptions.

Introduced by: Roger J. McClure | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; Virginia taxable income of residents; personal exemptions. Gradually increases the personal exemption from $800 to $1,500 by taxable year 2005. In 2006, the $1,500 deduction amount shall be indexed annually according to the Consumer Price Index. Some obsolete language is also deleted.


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