Virginia House Bill 540 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 15-1)
Status: Introduced on January 9 2016 - 25% progression, died in committee
Action: 2016-02-15 - Continued to 2017 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

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.

Income tax, state; increases deduction for personal exemptions.

Del. Vivian Watts [D]	Sen. Lamont Bagby [D]	Sen. John Bell [D]	Sen. Jennifer Boysko [D]
Del. Betsy Carr [D]	Del. Mark Cole [R]	Del. Steve Heretick [D]	Del. Charniele Herring [D]
Del. Mark Keam [D]	Del. Kaye Kory [D]	Del. Paul Krizek [D]	Del. Delores McQuinn [D]
Del. Kathleen Murphy [D]	Del. Kenneth Plum [D]	Del. Sam Rasoul [D]	Del. Marcus Simon [D]

Date	Chamber	Action
2016-02-15	House	Continued to 2017 in Finance by voice vote
2016-02-10	House	Subcommittee recommends continuing to 2017 by voice vote
2016-02-09	House	Assigned Finance sub: Subcommittee #1
2016-01-09	House	Referred to Committee on Finance
2016-01-09	House	Prefiled and ordered printed; offered 01/13/16 16101915D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB540
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB540+hil