Income tax, state; subtractions of military benefits.
Summary
Taxable income; subtractions; military benefits. Removes the current cap of $40,000 of military benefits that may be subtracted from Virginia taxable income for taxable years beginning on and after January 1, 2026, such that the total amount of military benefits may be subtracted from such income.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 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 1-N)
lower
Jan 25, 2025
Committee
Assigned Finance sub: Subcommittee #2
lower
Jan 8, 2025
Committee
Referred to Committee on Finance
lower
1 primary · 7 co-sponsors
Sponsors
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