VirginiaSB8652025 Regular SessionSenate

Income tax, state; subtractions of military benefits.

Sponsored By: Bryce E. Reeves (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.

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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

No roll call votes available for this bill.

Actions Timeline

  1. Left in Finance and Appropriations

    2/5/2025Senate
  2. Impact statement from TAX (SB865)

    1/23/2025Senate
  3. Referred to Committee on Finance and Appropriations

    1/3/2025Senate
  4. Prefiled and ordered printed; Offered 01-08-2025 25103023D

    1/3/2025Senate

Bill Text

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