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HB 2062 Virginia House of Delegates · 2025 Regular Session

Income tax, state; eliminates sunset date, veteran student loan forgiveness.

Summary
Income tax exclusion; veteran student loan forgiveness. Eliminates the sunset date and expands eligibility for the income tax exclusion for any income received by a disabled veteran of the Armed Forces of the United States from the discharge of federal student loan indebtedness.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exclusion for disabled veterans' student loan discharge, eliminating sunset and expanding eligibility, offering direct tax relief to a specific group.90% confidence ✓ EducationSupports EducationBill expands higher education access by eliminating sunset for veteran student loan forgiveness, reducing financial barriers for disabled veterans pursuing education.90% confidence ✓ VeteransSupports VeteransExpands eligibility and eliminates sunset for veteran student loan forgiveness tax exclusion, directly strengthening benefits for disabled veterans.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2025 Last action Feb 4, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
3
Jan 28, 2025
Lower · Passed
Subcommittee recommends laying on the table (5-Y 2-N)
lower
Jan 25, 2025
Committee
Assigned Finance sub: Subcommittee #2
lower
Jan 7, 2025
Committee
Referred to Committee on Finance
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tom Garrett
Tom Garrett
RRepublican
VA
56