VirginiaIncome tax, state; subtraction for state police retirement benefits.
What it does
Income tax subtraction; state police retirement benefits. Establishes an income tax subtraction for up to $10,000 of state police retirement benefits in taxable year 2024 and each year thereafter. The bill defines state police retirement benefits to include retirement income received by a Virginia State Police officer who is at least 55 years of age and benefits paid to the surviving spouse of such officer whose death occurred in the line of duty.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2024
- Nov 19Left in Finance and AppropriationsLatest
- Feb 6Continued to 2025 in Finance and Appropriations (14-Y 0-N)
- Vote recorded S Continued to 2025 in Finance and Appropriations. Result: pass.Upper
- Jan 26Impact statement from TAX (SB662)
- Jan 16Referred to Committee on Finance and AppropriationsMinor
- Jan 16Presented and ordered printed 24104634DIntroduced