Virginia · 2025 Regular Session · Bill
HB 1754: Income tax; imposition of tax and standard deduction.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1754 is a bill introduced in the Virginia House on January 5, 2025. According to its official title, it concerns: Income tax; imposition of tax and standard deduction. Primary sponsor: Vivian Watts (Democratic). It lists 1 additional sponsor. Most recent recorded action (February 4, 2025): Left in Appropriations.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Income tax; imposition of tax and standard deduction. Adds, beginning in taxable year 2026, a new top income tax bracket such that a seven percent tax shall be imposed on Virginia taxable income in excess of $600,000. Current law imposes a top tax bracket of five and three-quarters percent on income in excess of $17,000. Additionally, the bill increases the standard deduction to $12,000 for single individuals and $24,000 for married individuals beginning in taxable year 2025 and indexes such deduction amount for inflation annually beginning in taxable year 2026.
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Vivian Watts | Primary sponsor | Democratic | House | 14 |
| Patrick Hope | Co-sponsor | Democratic | House | 1 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Appropriations
- Committee substitute printed 25106158D-H1
- Reported from Finance with substitute and referred to Appropriations (22-Y 0-N)
- Subcommittee recommends reporting with substitute and referring to Appropriations (8-Y 0-N)
- Assigned Finance sub: Subcommittee #3
- Impact statement from TAX (HB1754)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-08-2025 25102802D