Income tax, state; exempts military retirement income of a veteran. (SB381)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Income tax; military retirement income subtraction. Exempts, beginning with taxable year 2022, up to $40,000 of military retirement income of a veteran who is at least 55 years old and who was honorably discharged after active duty service in the Armed Forces of the United States, its reserve components, or the National Guard of Virginia or any other state. Read the Bill »

Status

01/11/2022: Awaiting a Vote in the Finance and Appropriations Committee

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101366D
01/11/2022Referred to Committee on Finance and Appropriations

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