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SB845

Virginia taxable income; standard deduction; sunset.

Status:
Consolidated

Chief Patron:
Richard Stuart (R)

Session:
2025 Regular Session

Summary

As Introduced. Virginia taxable income; standard deduction; sunset.

Removes the sunset on elevated standard deduction amounts for single individuals and married persons that is scheduled to expire for taxable years beginning on and after January 1, 2026. This bill was incorporated into SB 782.
  • Bill History

  • 01/02/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25101012D
  • 01/02/2025 - Senate: Referred to Committee on Finance and Appropriations
  • 01/18/2025 - Senate: Impact statement from TAX (SB845)
  • 01/28/2025 - Senate: Incorporated by Finance and Appropriations (SB782-Suetterlein) (15-Y 0-N)