VA SB586 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on January 12 2022 - 25% progression, died in chamber
Action: 2022-02-10 - Incorporated by Finance and Appropriations
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 12 2022 - 25% progression, died in chamber
Action: 2022-02-10 - Incorporated by Finance and Appropriations
Text: Latest bill text (Prefiled) [HTML]
Summary
Income tax; military benefits subtraction; emergency. Establishes an income tax subtraction for up to $20,000 of military benefits in taxable year 2021, up to $30,000 in taxable year 2022, and up to $40,000 in taxable year 2023 and each year thereafter. The bill defines military benefits to include military retirement income and benefits paid to the surviving spouse of a veteran. The bill contains an emergency clause.
Title
Income tax, state; military benefits subtraction.
Sponsors
| Sen. Amanda Chase [R] | Sen. Siobhan Dunnavant [R] | Sen. Travis Hackworth [R] | Sen. Thomas Norment [R] |
| Sen. Mark Peake [R] | Sen. Bryce Reeves [R] | Sen. Frank Ruff [R] | Sen. William Stanley [R] |
Roll Calls
2022-02-10 - Senate - Senate: Incorporated by Finance and Appropriations (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-10 | Senate | Incorporated by Finance and Appropriations |
| 2022-01-12 | Senate | Referred to Committee on Finance and Appropriations |
| 2022-01-12 | Senate | Prefiled and ordered printed with emergency clause; offered 01/12/22 22101453D |
