SB662
Taxation & revenues; extends sunsets for standard deduction and refundable earned income tax
Status:
Killed
Latest Action:
Feb. 17, 2026
Senate: Left in Finance and Appropriations
Chief Patron:
Louise Lucas (D)
Session:
2026 Regular Session
Summary
As Introduced. Taxation and revenues of the Commonwealth.
Extends the sunset from January 1, 2027, to January 1, 2029, for the standard deduction amounts of $8,750 for single individuals and $17,500 for married individuals filing jointly. Under current law, the standard deduction is scheduled to revert to $3,000 for single individuals and $6,000 for married individuals filing jointly ... (More) after taxable year 2026. (Less)-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26101005D
- 01/14/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/28/2026 - Senate: Fiscal Impact statement From TAX (1/28/2026 10:58 am)
- 02/04/2026 - Senate: Incorporates SB676 (Rouse)
- 02/17/2026 - Senate: Left in Finance and Appropriations
