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2001 SESSION

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HB 348 Income tax; personal exemption amount.

Introduced by: Robert G. Marshall | 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 $1,000 for each personal exemption allowable to the taxpayer for federal income tax purposes. For taxable years beginning on and after January 1, 2001, the $1,000 personal exemption will increase based upon annual increases in the Consumer Price Index.


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