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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.
Introduced
Jan 14, 2026
Last Action
Feb 5, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Continued to next session in Finance and Appropriations (10-Y 5-N)
Fiscal Impact statement From TAX (2/2/2026 6:40 pm)
Prefiled and ordered printed; Offered 01-14-2026 26104185D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Continued to next session in Finance and Appropriations (10-Y 5-N)