HB 540 Income tax, state; increases deduction for personal exemptions.
Vivian E. Watts | all patrons    ...    notes
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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, 2017, 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:
01/09/16  House: Prefiled and ordered printed; offered 01/13/16 16101915D  pdf | impact statement

Status:
01/09/16  House: Prefiled and ordered printed; offered 01/13/16 16101915D
01/09/16  House: Referred to Committee on Finance
02/09/16  House: Assigned Finance sub: Subcommittee #1
02/10/16  House: Subcommittee recommends continuing to 2017 by voice vote
02/15/16  House: Continued to 2017 in Finance by voice vote
12/01/16  House: Left in Finance