HB88
Income tax, state; removes sunset on elevated standard deduction amounts.
Summary
As Introduced. Virginia taxable income; standard deduction.
Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.-
Bill History
- 12/28/2023 - House: Prefiled and ordered printed; offered 01/10/24 24101436D
- 12/28/2023 - House: Referred to Committee on Finance
- 01/14/2024 - House: Impact statement from TAX (HB88)
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #3
- 02/05/2024 - House: Subcommittee recommends continuing to 2025 (7-Y 0-N)
- 02/07/2024 - House: Continued to 2025 in Finance
