Income tax, state; military benefits subtraction. (HB1128)

Introduced By

Del. John McGuire (R-Glen Allen)

Progress

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

Description

Income tax; military benefits subtraction; emergency. Establishes an income tax subtraction for up to $20,000 of military benefits in taxable year 2021, up to $30,000 in taxable year 2022, and up to $40,000 in taxable year 2023 and each year thereafter. The bill defines military benefits to include military retirement income and benefits paid to the surviving spouse of a veteran. The bill contains an emergency clause. Read the Bill »

Status

01/12/2022: In Committee

History

DateAction
01/12/2022Presented and ordered printed with emergency clause 22104276D
01/12/2022Committee

Duplicate Bills

The following bills are identical to this one: SB586.

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