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 House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in FinanceLatest
- Jan 28Subcommittee recommends laying on the table (5-Y 1-N)
- Vote recorded Subcommittee recommends laying on the table (5-Y 1-N). Result: pass.Lower
- Jan 25Assigned Finance sub: Subcommittee #2Minor
- Jan 22Impact statement from TAX (HB2524)
- Jan 8Referred to Committee on FinanceMinor
- Jan 8Prefiled and ordered printed; Offered 01-08-2025 25101389DIntroduced