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2020 SESSION
HB 89 Income tax, state; increases the standard deduction from Virginia taxable income.
Introduced by: Joseph P. McNamara | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Standard deduction from Virginia taxable income; increasing. Increases the standard deduction for taxable years beginning on and after January 1, 2020, but before January 1, 2026, by 1.8 percent to $4,581 for single individuals and $9,162 for married persons (one-half of such amounts in the case of a married individual filing a separate return).
FULL TEXT
HISTORY
- 12/10/19 House: Prefiled and ordered printed; offered 01/08/20 20101214D
- 12/10/19 House: Referred to Committee on Finance
- 01/23/20 House: Assigned Finance sub: Subcommittee #3
- 01/24/20 House: Subcommittee recommends laying on the table (5-Y 2-N)
- 02/11/20 House: Left in Finance