VA SB 702
Status unknownIncome tax, state; brackets, deductions, and exemptions, inflation indexing.
Virginia · 2026 Regular Session · upper
Quick answers
Did VA SB 702 pass?
The current status of VA SB 702 is not known from the official record. Latest recorded action (2026-02-05): Continued to next session in Finance and Appropriations (10-Y 5-N)
What is VA SB 702 about?
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.
Who sponsors VA SB 702?
Kannan Srinivasan is the primary sponsor of VA SB 702.
Description
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.
- Introduced
- 2026-01-14
- Latest action
- 2026-02-05 — Continued to next session in Finance and Appropriations (10-Y 5-N)
- Bill type
- bill
- Last updated
- —
Sponsors
- Kannan Srinivasanprimary
Committees
Not provided by source.
Action timeline
2026-01-14
Prefiled and ordered printed; Offered 01-14-2026 26104185D
filing,introduction
2026-01-14
Referred to Committee on Finance and Appropriations
referral-committee
2026-02-02
Fiscal Impact statement From TAX (2/2/2026 6:40 pm)
2026-02-05
Continued to next session in Finance and Appropriations (10-Y 5-N)
Versions
Documents
Votes
Continued to next session in Finance and Appropriations
2026-02-05 · pass · 10-5
Member-level votes (15)
- L. Louise Lucas: yes
- R. Creigh Deeds: yes
- Mamie E. Locke: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Ryan T. McDougle: no
- Mark D. Obenshain: no
- Richard H. Stuart: no
- Bryce E. Reeves: no
- Barbara A. Favola: yes
- Scott A. Surovell: yes
- Jeremy S. McPike: yes
- Jennifer B. Boysko: yes
- Todd E. Pillion: no
- Aaron R. Rouse: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=VA&identifier=SB 702. See the API docs or the MCP server for AI assistants.
Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
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