VA SB61 | 2025 | Regular Session

Note: Carry Over of previous SB61

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 26 2023 - 25% progression
Action: 2024-02-06 - Continued to 2025 in Finance and Appropriations (14-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Income tax subtraction; firefighter benefits. 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 professional firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.

Tracking Information

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Title

Income tax, state; establishes a subtraction for firefighter benefits.

Sponsors


Roll Calls

2024-02-06 - Senate - Senate: Continued to 2025 in Finance and Appropriations (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-02-06SenateContinued to 2025 in Finance and Appropriations (14-Y 0-N)
2023-12-26SenateReferred to Committee on Finance and Appropriations
2023-12-26SenatePrefiled and ordered printed; offered 01/10/24 24102225D

Same As/Similar To

SB61 (Carry Over) 2024-02-06 - Continued to 2025 in Finance and Appropriations (14-Y 0-N)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581322.02(n/a)See Bill Text

Virginia State Sources


Bill Comments

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