Alex Askew
- Democratic
- Delegate
- District 95
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
No votes to display
Committee substitute posted to LIS only 24107082D-H1
Continued to 2025 with substitute in Finance (Voice Vote)
House subcommittee amendments and substitutes offered
Subcommittee recommends continuing to 2025 with substitute (Voice Vote)
Assigned Finance sub: Subcommittee #1
Impact statement from TAX (HB1292)
Prefiled and ordered printed; offered 01/10/24 24102658D
Referred to Committee on Finance
Bill Text Versions | Format |
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Substitute | HTML PDF |
Introduced | HTML PDF |
Document | Format |
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Impact statement from TAX (HB1292) |
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