VA SB662 | 2025 | Regular Session

Note: Carry Over of previous SB662

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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

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

DateChamberAction
2024-02-06SenateContinued to 2025 in Finance and Appropriations (14-Y 0-N)
2024-01-16SenateReferred to Committee on Finance and Appropriations
2024-01-16SenatePresented and ordered printed 24104634D

Same As/Similar To

SB662 (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

feedback