VirginiaIncome Tax, state; subtractions for tips.
What it does
Individual income tax subtractions; tips. Establishes an individual income tax subtraction for income attributable to tips in an amount equal to (i) 25 percent of the federal tip income deduction for taxable year 2026 and (ii) 50 percent of the federal tip income deduction in taxable year 2027 and thereafter.
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 28Continued to next session in Finance and Appropriations (9-Y 4-N)Latest
- Vote recorded Continued to next session in Finance and Appropriations. Result: pass.Upper
- Jan 24Fiscal Impact statement From TAX (1/24/2026 9:56 am)
- Jan 14Referred to Committee on Finance and AppropriationsMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26104554DIntroduced
- Jan 28Continued to next session in Finance and Appropriations (9-Y 4-N)Latest