SB 1029 Virginia taxable income; deduction for personal exemptions.
Siobhan S. Dunnavant | all patrons    ...    notes
| add to my profiles

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 blind or aged taxpayer may deduct an additional personal exemption in the amount of $900; current law allows an additional deduction of $800.

Full text:
01/04/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101801D  pdf | impact statement

Status:
01/04/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101801D
01/04/17  Senate: Referred to Committee on Finance
01/25/17  Senate: Passed by indefinitely in Finance (16-Y 0-N)