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2024 SESSION
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
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