Income tax deduction; tips.
Summary
Income tax deduction; tips. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of cash tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 15, 2024
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Jan 27, 2025
Lower · Passed
Subcommittee recommends incorporating into HB1965-Tata (Voice Vote)
lower
Jan 24, 2025
Committee
Assigned Finance sub: Subcommittee #3
lower
Dec 15, 2024
Committee
Referred to Committee on Finance
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chad Green
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1562
Scope: VA
Hi! I can help you understand HB 1562. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline