Virginia bills · 2026 Regular Session
Virginia SB 702
Income tax, state; brackets, deductions, and exemptions, inflation indexing.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Kannan Srinivasan (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
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.
Text versions
Roll-call votes
State vote data last updated Oct 16, 2026, 4:04 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Feb 5, 2026 Senate | Continued to next session in Finance and Appropriations | pass | Set your home in Virginia to see |
Actions
- Feb 5, 2026 · Senate
Continued to next session in Finance and Appropriations (10-Y 5-N) - Feb 2, 2026 · Senate
Fiscal Impact statement From TAX (2/2/2026 6:40 pm) - Jan 14, 2026 · Senate
Referred to Committee on Finance and Appropriations - Jan 14, 2026 · Senate
Prefiled and ordered printed; Offered 01-14-2026 26104185D