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Income tax deduction; tips. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of cash tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes.
Introduced
Dec 15, 2024
Last Action
Feb 4, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Left in Finance
Subcommittee recommends incorporating into HB1965-Tata (Voice Vote)
Assigned Finance sub: Subcommittee #3
Impact statement from TAX (HB1562)
Prefiled and ordered printed; Offered 01-08-2025 25100222D
Referred to Committee on Finance
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance
W. Chad Green