VirginiaIncome tax, state; removes sunset on elevated standard deduction amounts, etc.
What it does
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.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in FinanceLatest
- Jan 24Assigned Finance sub: Subcommittee #3Minor
- Jan 24Impact statement from TAX (HB1551)
- 2024
- Oct 29Referred to Committee on FinanceMinor
- Oct 29Prefiled and ordered printed; Offered 01-13-2025 25100555DIntroduced