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2001 SESSION
HB 535 Individual income tax; standard deduction.
Introduced by: Eric I. Cantor | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Individual income tax; standard deduction. Allows taxpayers to itemize deductions or take the standard deduction on their Virginia return, regardless of how they treated such deductions on their federal return. Under current law, taxpayers who itemize deductions on their federal return must also itemize deductions on their Virginia return. This change becomes effective for taxable years beginning on and after January 1, 2001.
FULL TEXT
HISTORY
- 01/18/00 House: Presented & ordered printed 002536664
- 01/18/00 House: Referred to Committee on Finance
- 01/24/00 House: Assigned to Finance sub-committee: 2
- 02/13/00 House: Continued to 2001 in Finance (23-Y 0-N)
- 11/13/00 House: Tabled in Finance (17-Y 1-N)