Income tax, state; subtraction for veteran retirement income. (SB1151)

Introduced By

Sen. Jen Kiggans (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax subtraction; veteran retirement income. Provides an income tax subtraction for the military retirement income received by certain veterans for their service of $2,500 for veterans under the age of 65 and $5,000 for veterans 65 years of age and older, who earn no more than $82,000 in annual military retirement income. Read the Bill »

Status

01/06/2021: Awaiting a Vote in the Finance and Appropriations Committee

History

DateAction
01/06/2021Prefiled and ordered printed; offered 01/13/21 21101184D
01/06/2021Referred to Committee on Finance and Appropriations
01/16/2021Impact statement from TAX (SB1151)

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