VA SB662 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 16 2024 - 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 (Introduced) [HTML]
Status: Introduced on January 16 2024 - 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 (Introduced) [HTML]
Summary
Income tax subtraction; state police retirement benefits. Establishes an income tax subtraction for up to $10,000 of state police retirement benefits in taxable year 2024 and each year thereafter. The bill defines state police retirement benefits to include retirement income received by a Virginia State Police officer who is at least 55 years of age and benefits paid to the surviving spouse of such officer whose death occurred in the line of duty.
Title
Income tax, state; subtraction for state police retirement 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
| Date | Chamber | Action |
|---|---|---|
| 2024-02-06 | Senate | Continued to 2025 in Finance and Appropriations (14-Y 0-N) |
| 2024-01-16 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-16 | Senate | Presented and ordered printed 24104634D |
