VirginiaSB6622025 Regular SessionSenate

Income tax, state; subtraction for state police retirement benefits.

Sponsored By: Mark J. Peake (Republican)

Failed

Summary

Income tax subtraction; state police retirement benefits. Establishes an income tax subtraction for up to $10,000 of state police retirement benefits in taxable year 2024 and each year thereafter. The bill defines state police retirement benefits to include retirement income received by a Virginia State Police officer who is at least 55 years of age and benefits paid to the surviving spouse of such officer whose death occurred in the line of duty.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mark J. Peake

    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 (SB662)

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

    1/16/2024Senate
  5. Presented and ordered printed 24104634D

    1/16/2024Senate

Bill Text

  • Introduced

    1/19/2024

Related Bills

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