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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.
Introduced
Jan 3, 2025
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 1 co
Left in Finance and Appropriations
Impact statement from TAX (SB865)
Prefiled and ordered printed; Offered 01-08-2025 25103023D
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
Bryce E. Reeves
Christie New Craig