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1998 SESSION

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SB 535 Income tax; deduction for low-income taxpayers.

Introduced by: Kevin G. Miller | all patrons    ...    notes | add to my profiles

SUMMARY:

Income tax deduction for low-income taxpayers. Establishes a deduction to be used in calculating a taxpayer's Virginia taxable income. The amount of the deduction is equal to the total of the standard deduction amount and twice the personal exemption amount, which total is reduced by twice the amount by which the taxpayer's Virginia adjusted gross income exceeds $11,000.

FULL TEXT

• 01/26/98  Senate: Presented & ordered printed 989148713  pdf

HISTORY

• 01/26/98  Senate: Presented & ordered printed 989148713
• 01/26/98  Senate: Referred to Committee on Finance
• 02/11/98  Senate: Left in Finance