SB1029
Virginia taxable income; deduction for personal exemptions.
Summary
As Introduced. Virginia taxable income; deduction for personal exemptions.
Increases the deduction, for purposes of computing Virginia taxable income, for personal exemptions. For taxable years beginning on and after January 1, 2018, a taxpayer may deduct $1,000 for each personal exemption allowable to the taxpayer on federal income taxes; current law allows a deduction of $930 per exemption. A ... (More) blind or aged taxpayer may deduct an additional personal exemption in the amount of $900; current law allows an additional deduction of $800. (Less)-
Bill History
- 01/04/2017 - Senate: Prefiled and ordered printed; offered 01/11/17 17101801D
- 01/04/2017 - Senate: Referred to Committee on Finance
- 01/17/2017 - Senate: Impact statement from TAX (SB1029)
- 01/25/2017 - Senate: Passed by indefinitely in Finance (16-Y 0-N)
