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

Summary

The bill updates Virginia’s individual income‑tax code so that tax rates, filing thresholds, the standard deduction and personal exemptions automatically rise with the consumer‑price index. It directs the Department of Taxation to publish the adjusted numbers on its website every year. The change affects all Virginia taxpayers by keeping the tax system in step with cost‑of‑living changes.

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