Kaine Signs Tax Relief Bill

March 21, 2007

Governor Kaine signed a tax relief bill Wednesday that will allow more than 140,000 Virginians to be exempt from filing state income taxes.

The legislation raises the filing threshold for state income tax from $7,000 for individuals and $12,000 for couples to $11,950 for individuals and $23,900 for couples.

The bill also increases the personal exemption from $900 to $930.

"This legislation creates tax relief for many Virginians who need it most" said Kaine.

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