Virginia Subject | Income Tax | Introduced

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VASB451Intro

Sine Die
Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia stat...
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2024-02-06
To Senate Finance and Appropriations Committee
VASB662Intro

Prefile
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 ...
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2024-02-06
To Senate Finance and Appropriations Committee
VASB10Intro

Prefile
Income tax subtraction; military retirement benefits; uniformed services. Expands the definition of "military benefits" to include an income tax subtraction of retirement income received for service in the uniformed services of the United States, whi...
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2024-02-06
To Senate Finance and Appropriations Committee
VASB632Intro

Prefile
Taxation. Decreases, beginning in taxable year 2025, the income tax imposed (i) on income less than $3,000, from two percent to 1.75 percent; (ii) on income in excess of $3,000 but less than $5,000, from three percent to 2.65 percent; (iii) on income...
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2024-02-06
To Senate Finance and Appropriations Committee
VASB61Intro

Prefile
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. T...
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2024-02-06
To Senate Finance and Appropriations Committee
VASB108Intro

Prefile
Virginia taxable income; standard deduction. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.
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2024-02-06
To Senate Finance and Appropriations Committee
VASB451Intro

Prefile
Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia stat...
[Detail][Text][Discuss]
2024-02-06
To Senate Finance and Appropriations Committee
VAHB961Intro

Sine Die
Virginia local journalism sustainability tax credits. Creates a nonrefundable income tax credit for eligible local newspaper publishers, defined in the bill, for compensation paid to local news journalists. The credit is equal to (i) for the first ta...
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2024-01-31
To House Finance Committee
VAHB1470Intro

Sine Die
Income tax deduction; union dues. Provides an income tax deduction beginning in taxable year 2024 for the amount paid by an individual for union dues for participation in a labor organization.
[Detail][Text][Discuss]
2024-01-31
To House Finance Committee
VAHB961Intro

Prefile
Virginia local journalism sustainability tax credits. Creates a nonrefundable income tax credit for eligible local newspaper publishers, defined in the bill, for compensation paid to local news journalists. The credit is equal to (i) for the first ta...
[Detail][Text][Discuss]
2024-01-31
To House Finance Committee
VAHB1470Intro

Prefile
Income tax deduction; union dues. Provides an income tax deduction beginning in taxable year 2024 for the amount paid by an individual for union dues for participation in a labor organization.
[Detail][Text][Discuss]
2024-01-31
To House Finance Committee
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