Virginia 2026 Session Status: Introduced

SB702 — Income tax, state; brackets, deductions, and exemptions, inflation indexing.

Last action — Continued from last session

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House of Delegates
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 14, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

This bill proposes to adjust state income tax brackets and deductions for inflation.

The legislation aims to index state income tax brackets, deductions, and exemptions to inflation. This means that these financial parameters will automatically adjust over time to reflect changes in the cost of living.

Summary

Income tax, state; brackets, deductions, and exemptions, inflation indexing.

Bill Text

We don't have the full text on file for this bill yet.

Read SB702 on the official Virginia source →

Action History

  1. S Continued to next session in Finance and Appropriations (10-Y 5-N)

  2. S Fiscal Impact statement From TAX (2/2/2026 6:40 pm)

  3. S Referred to Committee on Finance and Appropriations

  4. S Prefiled and ordered printed; Offered 01-14-2026 26104185D

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 147 not signed on · 5 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Continued to next session in Finance and Appropriations

Passed 10 Yea · 5 Nay
Party YeaNayPresentNot Voting
Unaffiliated 10500
Total 10500
% of votes cast 67%33%0%0%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Adam P. Ebbin — Yea
Barbara A. Favola — Yea
Bryce E. Reeves — Nay
David W. Marsden — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Nay
R. Creigh Deeds — Yea
Richard H. Stuart — Nay
Ryan T. McDougle — Nay
Scott A. Surovell — Yea
Todd E. Pillion — Nay

Official roll call →

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB702 do?
Income tax, state; brackets, deductions, and exemptions, inflation indexing.
Who sponsors SB702?
SB702 is sponsored by Kannan Srinivasan.
What is the current status of SB702?
This bill has been introduced in the Senate. Introduced January 14, 2026. It must pass committee before a floor vote.
Where can I track SB702?
Track SB702 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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