VirginiaIncome tax, state; subtractions for income attributable to overtime.
What it does
Individual income tax subtractions; overtime. Establishes an individual income tax subtraction for income attributable to overtime in an amount equal to (i) 25 percent of the federal overtime deduction for taxable year 2026 and (ii) 50 percent of the federal overtime deduction for 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 20Continued to next session in Finance and Appropriations (9-Y 5-N)Latest
- Vote recorded Continued to next session in Finance and Appropriations. Result: pass.Upper
- Jan 17Fiscal Impact statement From TAX (1/17/2026 9:40 am)
- Jan 7Referred to Committee on Finance and AppropriationsMinor
- Jan 7Prefiled and ordered printed; Offered 01-14-2026 26104555DIntroduced
- Jan 20Continued to next session in Finance and Appropriations (9-Y 5-N)Latest