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Individual income tax; subtractions; military benefits. Incrementally increases the current cap of $40,000 of military benefits that may be subtracted from Virginia taxable income such that by taxable year 2030 and for all taxable years thereafter, the total amount of military benefits may be subtracted from such income.
Introduced
Jan 4, 2026
Last Action
Feb 18, 2026
Session
VA 2026
Sponsors
1 primary · 2 co
Left in Committee Appropriations
Referred to Committee on Appropriations
Reconsidered by Finance (Voice Vote)
Reported from Finance and referred to Appropriations (18-Y 0-N)
Reported from Finance with substitute and referred to Appropriations (22-Y 0-N)
Committee substitute printed 26106178D-H1
Referred to Committee on Appropriations
Subcommittee recommends reporting with substitute and referring to Appropriations (10-Y 0-N)
House subcommittee offered
Fiscal Impact statement From TAX (1/18/2026 5:15 pm)
Referred to Committee on Finance
Prefiled and ordered printed; Offered 01-14-2026 26102129D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Committee Appropriations
Michael B. Feggans
Nadarius E. Clark
Atoosa R. Reaser