SB 865

  • Virginia Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Jan 03, 2025
  • Senate
  • House
  • 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 (2)

Votes


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Actions


Feb 05, 2025

Senate

Left in Finance and Appropriations

Jan 23, 2025

Senate

Impact statement from TAX (SB865)

Jan 03, 2025

Senate

Prefiled and ordered printed; Offered 01-08-2025 25103023D

Senate

Referred to Committee on Finance and Appropriations

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (SB865) PDF

Sources

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