2025 Regular SessionVirginia Legislature

HB1551: Income tax, state; removes sunset on elevated standard deduction amounts, etc.

Legislative Summary

Virginia taxable income; standard deduction; sunset. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that is scheduled to expire for taxable years beginning on and after January 1, 2026.

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

10/29/2024
Prefiled and ordered printed; Offered 01-13-2025 25100555D
House of Delegates
10/29/2024
Referred to Committee on Finance
House of Delegates
1/24/2025
Impact statement from TAX (HB1551)
House of Delegates
1/24/2025
Assigned Finance sub: Subcommittee #3
House of Delegates
2/4/2025
Left in Finance
House of Delegates