SB7:
Income tax, state; Virginia's standard deduction equivalent to federal standard deduction.
Bill Summary:
Income tax; standard deduction. Provides
that for taxable years beginning on and after January 1, 2022, Virginia's
standard deduction shall be in an amount equivalent to the federal
standard deduction.
Bill Patron: Petersen
Last Action(s):
(Senate) Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A) February 8, 2022
Bill Status:
Carried Over