Virginia · 2025 Regular Session · Bill
SB 782: Income tax, state; deductions and earned income tax credit, removes sunset.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 782 is a bill introduced in the Virginia Senate on December 27, 2024. According to its official title, it concerns: Income tax, state; deductions and earned income tax credit, removes sunset. Primary sponsor: David Suetterlein (Republican). Most recent recorded action (February 5, 2025): Left in Finance and 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; deductions and earned income tax credit; sunset. Removes the current January 1, 2026 expiration date for the standard deduction in the amount of $8,500 for single individuals and $17,000 for married individuals. Current law provides that on and after January 1, 2026, the standard deduction shall revert back to the amounts that existed before taxable year 2019, which was $3,000 for individuals and $6,000 for married individuals.The bill also removes the current January 1, 2026 expiration date from the partially refundable credit that an individual or married individuals may claim against their Virginia income tax liability in an amount equal to 15 percent of the federal earned income tax credit claimed by an individual or married individuals for federal earned income tax purposes. This bill incorporates SB 845 and SB 951.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Suetterlein | Primary sponsor | Republican | Senate | 4 |
“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 Finance and Appropriations
- Incorporates SB951(McDougle)
- Incorporates SB845(Stuart)
- Impact statement from TAX (SB782)
- Referred to Committee on Finance and Appropriations
- Prefiled and ordered printed; Offered 01-08-2025 25103608D