Adds 10% Tax on Income Over $1 Million

1. Introduceddone
2. Committeecurrent step
3. Senatenot yet
4. Housenot yet
5. Governornot yet

Would add a 10% state income tax on Virginia income above $1 million starting in 2027. Revenue would go to schools, child care, and the housing trust fund.

Income tax, state; establishes a new bracket on income above $1 million.

Sponsor details for this state bill are at the source link.

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