VirginiaIncome tax, state; subtractions of military benefits.
What it does
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.
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
- 2025
- Feb 5Left in Finance and AppropriationsLatest
- Jan 23Impact statement from TAX (SB865)
- Jan 3Referred to Committee on Finance and AppropriationsMinor
- Jan 3Prefiled and ordered printed; Offered 01-08-2025 25103023DIntroduced