Income tax, state; removes sunset on elevated standard deduction amounts, etc.

SB 710 would make Virginia's current elevated standard deduction for income tax permanent, removing a scheduled expiration date. This directly affects Virginia taxpayers who use the standard deduction instead of itemizing deductions, primarily middle- and lower-income filers. The bill's key provision eliminates the "sunset" provision that would have caused the higher deduction amount to revert to a lower level after a set date. As a result, eligible taxpayers would continue to benefit from the elevated deduction amount without needing future legislative action.