Creigh Deeds
- Democratic
- Senator
- District 11
Primary
Income tax; rate increase; funding for schoolsand law-enforcement officer salaries. Increases from 5.75 percentto 5.9 percent the income tax rate on income over $150,000. Under current law, the top marginal rate of 5.75 percent applies to incomeover $17,000. The rate change applies starting with taxable year2021. The bill requires revenue from the increase to be appropriatedfor nonrecurring capital expenditures of school divisions and salaryincreases for state and state-supported law-enforcement officers.
Left in Finance and Appropriations
Impact statement from TAX (SB1286)
Prefiled and ordered printed; offered 01/13/21 21101675D
Referred to Committee on Finance and Appropriations
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/13/21 21101675D | HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: SB1286F161.PDF |
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