VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1995 SESSION

• | print version

SB 1118 Virginia taxable income.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia taxable income. Increases the amount of the deduction that may be taken for each personal exemption from the current $800 to $2,400 in taxable year 2000 and thereafter. Certain taxpayers with adjusted gross income (AGI) below certain thresholds will receive a deduction of $1,000 in taxable year 1996, $1,200 in taxable year 1997, $1,600 in taxable year 1998, $2,000 in taxable year 1999. The deductions are taken from federal adjusted gross income in computing Virginia taxable income. A taxpayer may claim a deduction for each personal and dependent exemption allowable for federal income tax purposes and an additional deduction for each taxpayer who is blind or age 65 or over.

FULL TEXT

• 02/03/95  Senate: Presented & ordered printed LD8864812  pdf

HISTORY

• 02/03/95  Senate: Introduced at the request of Governor
• 02/03/95  Senate: Presented & ordered printed LD8864812
• 02/03/95  Senate: Referred to Committee on Finance
• 02/07/95  Senate: Defeated by Finance (3-Y 12-N)