SB632
Type: B Origin: Senate Virginia Comments: 0

Income Tax, State; Decreases Certain Taxes, Increases Amount Of Tax Credit.

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The bill aims to reduce specific state income taxes while increasing tax credits. It proposes changes that would lower tax burdens for certain individuals or entities and enhance available tax credits. The key focus is on adjusting the state's income tax structure to potentially benefit taxpayers through reduced taxes and increased credits, which could have significant implications for state revenue and taxpayer obligations.

Bill Activity

  • 2024-01-10: Prefiled and ordered printed; offered 01/10/24 24103290D

  • 2024-01-10: Referred to Committee on Finance and Appropriations

  • 2024-02-06: Continued to 2025 in Finance and Appropriations (14-Y 1-N)

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