States / Virginia / SB 702

SB 702 In Committee

Income tax, state; brackets, deductions, and exemptions, inflation indexing.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
Senate
Introduced
Jan 14, 2026
Last action
Jul 21, 2026 — Continued from last session
Session
2027
Momentum
36 · Low