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.