VirginiaHB25242025 Regular SessionHouse

Income tax, state; subtractions of military benefits.

Sponsored By: Hyland F. "Buddy" Fowler, Jr. (Republican)

Failed

Summary

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.

Finance

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Hyland F. "Buddy" Fowler, Jr.

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 5 • No: 1

House vote • 1/28/2025

Subcommittee recommends laying on the table

Yes: 5 • No: 1 • Other: 1

Actions Timeline

  1. Left in Finance

    2/4/2025House
  2. Subcommittee recommends laying on the table (5-Y 1-N)

    1/28/2025House
  3. Assigned Finance sub: Subcommittee #2

    1/25/2025House
  4. Impact statement from TAX (HB2524)

    1/22/2025House
  5. Referred to Committee on Finance

    1/8/2025House
  6. Prefiled and ordered printed; Offered 01-08-2025 25101389D

    1/8/2025House

Bill Text

Related Bills

Back to State Legislation