VirginiaHB19652025 Regular SessionHouse

Income tax, state; deduction for tips and overtime compensation.

Sponsored By: Anne Ferrell Tata (Republican)

Failed

Summary

Income tax deduction; tips and overtime compensation. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes. The bill also establishes, for taxable years beginning on and after January 1, 2026, an income tax deduction for any overtime compensation, defined in the bill, received by an employee who is not exempt from overtime compensation rules pursuant to the federal Fair Labor Standards Act.

Subcommittee #3

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Anne Ferrell Tata

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Left in Finance

    2/4/2025House
  2. Assigned Finance sub: Subcommittee #3

    1/24/2025House
  3. Impact statement from TAX (HB1965)

    1/18/2025House
  4. Referred to Committee on Finance

    1/6/2025House
  5. Prefiled and ordered printed; Offered 01-13-2025 25102486D

    1/6/2025House

Bill Text

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