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SB 763 Virginia Senate · 2025 Regular Session

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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief by allowing deduction of cash tips, reducing taxable income for service workers (middle/lower income), aligning with tax relief indicators.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction for reported tips, increasing net income for tipped workers by reducing taxable income on earned tips.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 13, 2024 Last action Feb 5, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Dec 13, 2024
Committee
Referred to Committee on Finance and Appropriations
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ryan McDougle
Ryan McDougle
RRepublican
VA
26
Co
Photo of Christie Craig
Christie Craig
RRepublican
VA
19
Co
Photo of Mark Obenshain
Mark Obenshain
RRepublican
VA
2