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Bill

SB 108

Income tax, state; standard deduction.

2025 Regular Session Introduced by David Suetterlein

Virginia bill modifies state income tax standard deduction, with fiscal impacts under review in Finance Committee since January 2024.

Left in Finance and Appropriations
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WeVote Research Nonpartisan
Bill Summary · SB 108

Legislative bill overview

SB 108 proposes to modify Virginia's state income tax standard deduction. The bill was prefiled in January 2024, referred to the Finance and Appropriations Committee, and has been continued to the 2025 legislative session. A tax impact statement was requested, indicating the proposal has measurable fiscal implications.

Why is this important

Changes to standard deductions directly affect how much income Virginians must pay taxes on, influencing state tax revenue and take-home pay across income levels. The bill's continuation to 2025 suggests ongoing deliberation over its fiscal and policy merits during a period when states face competing budget pressures.

Potential points of contention

  • Fiscal impact: The tax department's impact statement indicates measurable revenue consequences that lawmakers must weigh against other budget priorities
  • Distributional effects: Standard deduction changes benefit taxpayers differently depending on income level, raising equity questions about who benefits most
  • State revenue implications: Reduced tax collections could pressure funding for education, healthcare, transportation, and other services unless offset by other measures

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

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