VirginiaIncome tax, state; subtraction for professional firefighter pension.
What it does
Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2024
- Nov 18Left in FinanceLatest
- Feb 7Continued to 2025 with substitute in Finance (Voice Vote)
- Feb 7Committee substitute posted to LIS only 24107082D-H1
- Feb 5Subcommittee recommends continuing to 2025 with substitute (Voice Vote)
- Feb 5House subcommittee amendments and substitutes offered
- Feb 2Impact statement from TAX (HB1292)
- Feb 2Assigned Finance sub: Subcommittee #1Minor
- Jan 10Referred to Committee on FinanceMinor
- Jan 10Prefiled and ordered printed; offered 01/10/24 24102658DIntroduced