SB 11

  • Virginia Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Dec 08, 2021
  • Senate
  • House
  • Governor

Income tax, state; increases standard deduction for single and married filers.

Abstract

Income tax; standard deduction. Increasesthe standard deduction for taxable years 2022 through 2025 from $4,500to $9,000 for single filers and from $9,000 to $18,000 for marriedfilers (one-half of such amount in the case of a married individualfiling a separate return). As provided under current law, startingwith taxable year 2026, the standard deduction will decrease to $3,000for single filers and to $6,000 for married filers.

Bill Sponsors (2)

Votes


Actions


Feb 08, 2022

Senate

Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A)

Jan 23, 2022

Senate

Impact statement from TAX (SB11)

Dec 08, 2021

Senate

Prefiled and ordered printed; offered 01/12/22 22100628D

Senate

Referred to Committee on Finance and Appropriations

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/12/22 22100628D PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB11F161.PDF PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.

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