HB 1562

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Dec 15, 2024
  • House
  • Senate
  • Governor

Income tax deduction; tips.

Abstract

Income tax deduction; tips. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of cash tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes.

A BILL to amend and reenact ยง 58.1-322.03 of the Code of Virginia, relating to income tax deduction; tips.

Bill Sponsors (1)

Votes


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Actions


Feb 04, 2025

House

Left in Finance

Jan 27, 2025

House

Subcommittee recommends incorporating into HB1965-Tata (Voice Vote)

Jan 24, 2025

House

Assigned Finance sub: Subcommittee #3

Jan 14, 2025

House

Impact statement from TAX (HB1562)

Dec 15, 2024

House

Prefiled and ordered printed; Offered 01-08-2025 25100222D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (HB1562) PDF

Sources

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