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1997 SESSION
SB 935 Computation of Virginia taxable income; personal exemptions.
Introduced by: Kevin G. Miller | all patrons ... notes | add to my profiles
SUMMARY:
Computation of Virginia taxable income; personal exemptions. Doubles the amount of the deduction that may be taken for each personal exemption from $800 to $1,600. Blind taxpayers will continue to be entitled to an additional personal exemption. The measure also eliminates the extra personal exemption for taxpayers age 65 and over, with the result that the value of the personal exemption for such taxpayers remains at $1,600. The measure is effective for taxable years beginning on and after January 1, 1998.
FULL TEXT
HISTORY
- 01/16/97 Senate: Presented & ordered printed 973345713
- 01/16/97 Senate: Referred to Committee on Finance
- 02/04/97 Senate: Left in Finance