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Bill

SB 710

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

2026 Regular Session Introduced by Richard Stuart

SB 710 makes Virginia's elevated standard tax deduction permanent by eliminating its scheduled expiration, reducing state tax revenue indefinitely.

Continued to next session in Finance and Appropriations (9-Y 5-N)
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Bill Summary · SB 710

Legislative bill overview

SB 710 removes the sunset provision on Virginia's elevated standard deduction amounts, making the increased deductions permanent rather than temporary. The bill ensures that taxpayers continue receiving the higher standard deduction benefits that were previously set to expire. This addresses tax policy continuity by eliminating scheduled reductions in deduction amounts.

Why is this important

Standard deductions directly affect how much income Virginians can exclude from taxation, influencing their tax liability and take-home pay. By removing the sunset, the bill provides tax stability and prevents automatic increases in taxable income for filers who don't itemize deductions. The fiscal impact statement indicates this decision has measurable revenue consequences for the state budget.

Potential points of contention

  • State revenue impact: Removing the sunset reduces tax revenue; the Finance and Appropriations Committee's 9-5 vote suggests significant disagreement about whether Virginia can afford permanent revenue loss
  • Equity considerations: Questions about whether elevated standard deductions benefit higher-income earners proportionally more than lower-income filers
  • Budget priorities: Whether making tax cuts permanent is fiscally responsible given competing demands for state spending on education, infrastructure, and services

Compiled from official sources — confirm details with the bill’s official record.

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