ROANOKE TIMES Copyright (c) 1997, Roanoke Times DATE: Thursday, February 27, 1997 TAG: 9702270023 SECTION: EDITORIAL PAGE: A-10 EDITION: METRO TYPE: CORRECTION
Clarification
AS OF JAN. 1, for 1997 returns on 1996 income, Virginia's Age Deduction Tax Credit was upped to $6,000 for those aged 62 to 64 and $12,000 for those 65 and older. An editorial Tuesday listed the previous, lower figures. The boost in the deduction, which is not means-tested, reinforces the point that it contributes to unfairness in state taxes.
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