VirginiaHB25672025 Regular SessionHouse

Income tax, state; subtraction for military benefits received by members of uniformed services.

Sponsored By: James A. "Jay" Leftwich (Republican)

Failed

Summary

Department of Taxation; evaluation of income tax subtraction for military benefits received by members of the uniformed services; report. Directs the Department of Taxation (the Department) to evaluate the effects of extending the income tax subtraction for military benefits to military retirement income paid to a veteran or the surviving spouse of a veteran for such veteran's service in the uniformed services, defined in federal law as the armed forces, the commissioned corps of the U.S. Public Health Service, and the commissioned corps of the U.S. National Oceanic and Atmospheric Administration. Current law restricts such income tax subtraction to certain military benefits received for service in the armed forces. The bill directs the Department to submit a report of its findings and any recommendations to the Chairmen of the House Committee on Finance and the Senate Committee on Finance and Appropriations no later than November 30, 2025.

Subcommittee #2

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

  • James A. "Jay" Leftwich

    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. Impact statement from TAX (HB2567)

    1/26/2025House
  3. Assigned Finance sub: Subcommittee #2

    1/25/2025House
  4. Referred to Committee on Finance

    1/12/2025House
  5. Prefiled and ordered printed; Offered 01-13-2025 25104583D

    1/12/2025House

Bill Text

Related Bills

Back to State Legislation