VA HB54 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 25 2019 - 25% progression, died in committee
Action: 2020-02-11 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on November 25 2019 - 25% progression, died in committee
Action: 2020-02-11 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; age deduction; increase income threshold for married filers. Increases to $100,000 the threshold at which the income tax deduction for taxpayers 65 or older is reduced based on income, as such threshold applies to married taxpayers filing jointly or separately. Under current law, the threshold for married taxpayers is $75,000 and the threshold for individual taxpayers is $50,000.
Title
Income tax, state; age deduction, increases income threshold for married filers.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-11 | House | Left in Finance |
| 2020-01-16 | House | Assigned Finance sub: Subcommittee #1 |
| 2019-11-25 | House | Referred to Committee on Finance |
| 2019-11-25 | House | Prefiled and ordered printed; offered 01/08/20 20101388D |
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB54 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB54+hil |
