VirginiaSB12762025 Regular SessionSenate

Labor and employment; portable benefit accounts, income tax, deduction.

Sponsored By: Bill DeSteph (Republican)

Failed

Summary

Labor and employment; portable benefit accounts; income tax; deduction. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, credit union, or other depository institution and distributions from the account may be used for the payment of various health-related costs. The bill also creates a temporary deduction for the amount of contributions made to a portable benefit account by an independent contractor for the 2025 and 2026 taxable years.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Bill DeSteph

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 14 • No: 0

Senate vote • 1/20/2025

Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations

Yes: 14 • No: 0 • Other: 1

Actions Timeline

  1. Left in Finance and Appropriations

    2/5/2025Senate
  2. Impact statement from TAX (SB1276)

    1/21/2025Senate
  3. Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (14-Y 0-N 1-A)

    1/20/2025Senate
  4. Committee substitute printed 25105306D-S1

    1/20/2025Senate
  5. Referred to Committee on Commerce and Labor

    1/8/2025Senate
  6. Prefiled and ordered printed; Offered 01-08-2025 25102074D

    1/8/2025Senate

Bill Text

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