HB 1292

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Jan 10, 2024
  • House
  • Senate
  • Governor

Income tax, state; subtraction for professional firefighter pension.

Abstract

Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.

A BILL to amend and reenact ยง 58.1-322.02 of the Code of Virginia, relating to income tax subtraction; firefighter pension. 24102658D

Bill Sponsors (1)

Votes


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Actions


Nov 18, 2024

House

Left in Finance

Feb 07, 2024

House

Committee substitute posted to LIS only 24107082D-H1

House

Continued to 2025 with substitute in Finance (Voice Vote)

Feb 05, 2024

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends continuing to 2025 with substitute (Voice Vote)

Feb 02, 2024

House

Impact statement from TAX (HB1292)

House

Assigned Finance sub: Subcommittee #1

Jan 10, 2024

House

Referred to Committee on Finance

House

Prefiled and ordered printed; offered 01/10/24 24102658D

Bill Text

Bill Text Versions Format
Substitute HTML PDF
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (HB1292) PDF

Sources

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