VirginiaHB12922025 Regular SessionHouse

Income tax, state; subtraction for professional firefighter pension.

Sponsored By: Alex Q. Askew (Democratic)

Failed

Summary

Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.

Finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Alex Q. Askew

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 0 • No: 0

House vote • 2/7/2024

Continued to 2025 with substitute in Finance (Voice Vote)

Yes: 0 • No: 0

House vote • 2/5/2024

Subcommittee recommends continuing to 2025 with substitute (Voice Vote)

Yes: 0 • No: 0

Actions Timeline

  1. Left in Finance

    11/18/2024House
  2. Continued to 2025 with substitute in Finance (Voice Vote)

    2/7/2024House
  3. Committee substitute posted to LIS only 24107082D-H1

    2/7/2024House
  4. Subcommittee recommends continuing to 2025 with substitute (Voice Vote)

    2/5/2024House
  5. House subcommittee amendments and substitutes offered

    2/5/2024House
  6. Impact statement from TAX (HB1292)

    2/2/2024House
  7. Assigned Finance sub: Subcommittee #1

    2/2/2024House
  8. Referred to Committee on Finance

    1/10/2024House
  9. Prefiled and ordered printed; offered 01/10/24 24102658D

    1/10/2024House

Bill Text

  • Substitute

    2/16/2024

  • Introduced

    1/26/2024

Related Bills

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