VirginiaSB102025 Regular SessionSenate

Income tax, state; subtraction for tax, military retirement benefits, uniformed services.

Sponsored By: Bryce E. Reeves (Republican)

Failed

Summary

Income tax subtraction; military retirement benefits; uniformed services. Expands the definition of "military benefits" to include an income tax subtraction of retirement income received for service in the uniformed services of the United States, which includes the United States Armed Forces, the commissioned corps of the National Oceanic and Atmospheric Administration, and the commissioned corps of the United States Public Health Service. Under current law, the subtraction is only allowed for military retirement income received for service in the United States Armed Forces.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Bryce E. Reeves

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 14 • No: 0

Senate vote • 2/6/2024

Continued to 2025 in Finance and Appropriations

Yes: 14 • No: 0

Actions Timeline

  1. Left in Finance and Appropriations

    11/19/2024Senate
  2. Continued to 2025 in Finance and Appropriations (14-Y 0-N)

    2/6/2024Senate
  3. Impact statement from TAX (SB10)

    1/26/2024Senate
  4. Referred to Committee on Finance and Appropriations

    11/20/2023Senate
  5. Prefiled and ordered printed; offered 01/10/24 24100092D

    11/20/2023Senate

Bill Text

  • Introduced

    11/21/2023

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