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2002 SESSION
SB 407 Income tax; personal exemption amount.
Introduced by: Nick Rerras | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax; personal exemption amount. Increases, beginning with the January 1, 2002, taxable year, the personal exemption for Virginia taxable income purposes from $800 to $1,200 for each personal exemption allowable to the taxpayer for federal income tax purposes. For taxable years beginning on or after January 1, 2003, the $1,200 personal exemption will increase based upon annual increases in the Consumer Price Index.
FULL TEXT
HISTORY
- 01/09/02 Senate: Presented & ordered printed, prefiled 01/09/02 021136522
- 01/09/02 Senate: Referred to Committee on Finance
- 02/13/02 Senate: Passed by indefinitely in Finance with letter by voice vote
- 02/13/02 Senate: Letter to Joint Sub. on VA State Tax Code