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SB745

Virginia taxable income; increases standard deduction.

Status:
Killed

Chief Patron:
Glen Sturtevant (R)

Session:
2018 Regular Session

Summary

As Introduced. Virginia taxable income; standard deduction.

Increases, for taxable years beginning on and after January 1, 2019, but before January 1, 2020, the amount of the standard deduction to $6,350 for single individuals and $12,700 for married couples. Under current law, the standard deduction is $3,000 for single individuals and $6,000 for married couples.
  • Bill History

  • 01/10/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18102446D
  • 01/10/2018 - Senate: Referred to Committee on Finance
  • 01/27/2018 - Senate: Impact statement from TAX (SB745)
  • 01/31/2018 - Senate: Passed by indefinitely in Finance with letter (12-Y 3-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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