HB 2700

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Jan 16, 2025
  • House
  • Senate
  • Governor

Income tax, state; subtractions of military benefits.

Abstract

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.

A BILL to amend and reenact ยง 58.1-322.02 of the Code of Virginia, relating to taxable income; subtractions; military benefits.

Bill Sponsors (7)

Votes


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Actions


Feb 04, 2025

House

Left in Finance

Jan 28, 2025

House

Subcommittee recommends incorporating into HB2524-Fowler (Voice Vote)

Jan 25, 2025

House

Assigned Finance sub: Subcommittee #2

Jan 24, 2025

House

Impact statement from TAX (HB2700)

Jan 16, 2025

House

Presented and ordered printed 25103813D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (HB2700) PDF

Sources

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