Democrats ditch Youngkin’s tax plan, propose $1 billion in rebates ...
Feb 2, 2025 · Virginia Democrats have slammed the brakes on Gov. Glenn Youngkin’s push for tax cuts, rejecting most of his budget proposals — including a car tax credit that would have …
• Virginia Standard Deduction: Makes the existing $8,500/$17,000 standard deduction permanent, avoiding potential tax increases of $557.2 million (FY26) and $1.2 billion (FY27). • Toll …
Gov. Youngkin wants to cut income taxes and raise the sales tax …
Dec 20, 2023 · Virginia Gov. Glenn Youngkin proposed a new state budget Wednesday that would lower income taxes and raise the state’s sales tax in an effort to stabilize revenues and …
December- Governor Glenn Youngkin Unveils ... - Governor of Virginia
Dec 20, 2023 · Tax Reform . Provides Virginians an additional $1 billion in tax relief over the biennium ; Cuts income tax rates for all Virginians by 12% ; Enables low-income Virginians to …
Va. General Assembly advances budget bills that cut taxes, fund
RICHMOND — The Democratic-controlled Virginia General Assembly advanced budget bills Thursday that include broad tax cuts and rebates, drawing bipartisan support but setting up …
New Virginia Budget Features Tax Rebates and Tax-Free Weekend
Sep 15, 2023 · The 2023 budget deal features tax cuts (mostly from new Virginia tax rebates to eligible residents) and the return of a popular sales tax holiday.
Governor Youngkin Unveils a New Tax Plan for Virginia - Tax Foundation
Dec 20, 2023 · Income Tax Rate Reduction. The proposed plan includes significant cuts to individual income tax rates in Virginia without changing the existing bracket structure, starting …
January- Governor Glenn Youngkin Hails Major ... - Governor of Virginia
Jan 24, 2023 · Richmond, VA – Governor Glenn Youngkin today hailed the passage of his tax relief proposals, HB 2138 and 2319, in the House of Delegates which will provide savings to …
Virginia House passes Youngkin-backed proposals to cut taxes
Jan 24, 2023 · The House passed legislation Tuesday to reduce the top income tax rate from 5.75% to 5.5% — which is estimated to cut revenues by roughly $333 million in the 2024 fiscal …
Youngkin signs Virginia budget offering tax reductions, major …
Sep 14, 2023 · Gov. Glenn Youngkin signed long-delayed amendments to Virginia’s two-year budget on the steps of the state capitol Thursday, concluding a six-month process that has left …
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