State Government / Virginia / Legislation / SB 702
Source-provided summary
Individual income tax; brackets, deductions, and exemptions; inflation indexing. Adjusts annually the amount of the income tax brackets, standard deduction, personal and other individual exemptions and deductions, and filing threshold to the annual change in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U). The bill directs the Department of Taxation to annually publish on its website the individual income tax inflation adjustments. This bill contains technical amendments.
Latest development · Jul 21, 2026
Continued from last session
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Primary sponsors are listed before cosponsors and other sponsoring entities.
Newest action first. Action language is supplied by the state source.
Continued from last session
Continued to next session in Finance and Appropriations (10-Y 5-N)
Fiscal Impact statement From TAX (2/2/2026 6:40 pm)
Referred to Committee on Finance and Appropriations
Prefiled and ordered printed; Offered 01-14-2026 26104185D
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