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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.
Introduced
Jan 7, 2026
Last Action
Jan 20, 2026
Session
VA 2026
Sponsors
1 primary · 14 co
Continued to next session in Finance and Appropriations (9-Y 5-N)
Fiscal Impact statement From TAX (1/17/2026 9:40 am)
Prefiled and ordered printed; Offered 01-14-2026 26104555D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Continued to next session in Finance and Appropriations (9-Y 5-N)
Ryan T. McDougle
Luther Cifers, III
Christie New Craig
J.D. "Danny" Diggs
Tara A. Durant
T. Travis Hackworth
Christopher T. Head
Tammy Brankley Mulchi
Mark D. Obenshain
Mark J. Peake
Todd E. Pillion
William M. Stanley, Jr.