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Bill

SB 7

Income tax, state; standard deduction and earned income tax credit.

2026 Regular Session Introduced by David Suetterlein

SB 7 adjusts Virginia's standard deduction and earned income tax credit, triggering mixed committee support and continued debate over state revenue impact and tax equity.

Continued to next session in Finance and Appropriations (9-Y 5-N)
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Bill Summary · SB 7

Legislative bill overview

SB 7 proposes modifications to Virginia's state income tax structure, specifically adjusting the standard deduction and earned income tax credit (EITC). The bill was prefiled in November 2025 and referred to the Finance and Appropriations Committee, where it received a mixed committee vote (9-7) before being continued to the next legislative session.

Why is this important

Changes to standard deductions and earned income tax credits directly affect tax liability for Virginia residents, particularly lower- and middle-income households who benefit most from EITC provisions. The fiscal impact statement suggests meaningful budgetary implications for the state, making this relevant to both taxpayers and the state's revenue outlook.

Potential points of contention

  • Revenue impact: The committee's mixed vote (9-7) and the generation of a fiscal impact statement suggest disagreement over whether the tax changes create unsustainable revenue loss for the state
  • Targeted benefit distribution: Questions likely exist about whether standard deduction increases disproportionately benefit higher-income earners versus the EITC's focus on working-poor families
  • Implementation timing: With continuation to the next session, lawmakers may dispute whether immediate enactment or phased implementation is preferable

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

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