Both chambers signed off on amendments that would tweak the final year of the 2024-2026 budget, overhauling Gov. Glenn Youngkin’s own revisions.
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RICHMOND, Va. (AP) — Virginia’s Democratic-led Senate and House of Delegates debated tax relief and economic stability Thursday before passing separate plans for amending the two-year state budget, laying the groundwork for negotiations by lawmakers on an eventual spending plan to send to Republican Gov. Glenn Youngkin.
Both chambers signed off on amendments that would tweak the final year of the 2024-2026 budget, overhauling Youngkin’s own revisions. They proposed giving a $200 rebate to individual income tax filers and $400 to joint filers by October. They also moved to make the refundable earned income tax credit 20% of the federal credit. Both the House and Senate also proposed extensions and increases on standard deductions for the next two years.
