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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 13, 2024
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 2 co
Left in Finance and Appropriations
Impact statement from TAX (SB763)
Prefiled and ordered printed; Offered 01-08-2025 25102293D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance and Appropriations
Ryan T. McDougle
Christie New Craig
Mark D. Obenshain