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2024 SESSION

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HB 88 Income tax, state; removes sunset on elevated standard deduction amounts.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia taxable income; standard deduction. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.

FULL TEXT

• 12/28/23  House: Prefiled and ordered printed; offered 01/10/24 24101436D  pdf | impact statement

HISTORY

• 12/28/23  House: Prefiled and ordered printed; offered 01/10/24 24101436D
• 12/28/23  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #3
• 02/05/24  House: Subcommittee recommends continuing to 2025 (7-Y 0-N)
• 02/07/24  House: Continued to 2025 in Finance by voice vote