HB 137 Virginia House of Delegates · 2026 Regular Session

Income tax, state; increases current cap of military benefits that may be subtracted.

Summary

Individual income tax; subtractions; military benefits. Incrementally increases the current cap of $40,000 of military benefits that may be subtracted from Virginia taxable income such that by taxable year 2030 and for all taxable years thereafter, the total amount of military benefits may be subtracted from such income.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 4, 2026 Last action Feb 18, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Finance Substitute → Subcommittee #1 Subcommittee Substitute · 3 edits

MINOR

This document appears to be a formatting diff between two versions of legislative bill HB 137, primarily showing changes in document layout, page numbering, and header formatting rather than substantive policy changes. The actual legislative text content remains identical between the Finance Substitute and Subcommittee Substitute versions, with no modifications to tax provisions, eligibility criteria, or financial thresholds.

TECHNICAL

Document header formatting changed from 'OFFERED FOR CONSIDERATION 1/25/2026' to 'HOUSE SUBSTITUTE' with updated page numbers and bill identifiers

Date in parentheses changed from blank placeholder to 'January 26, 2026' for the Finance Committee proposal date

Added bill tracking number '26106178D' and additional page numbering throughout the document

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 18, 2026

Lower · Passed

Left in Committee Appropriations

lower

Jan 29, 2026

Committee

Referred to Committee on Appropriations

lower

Jan 28, 2026

Committee

Referred to Committee on Appropriations

lower

Jan 28, 2026

Lower · Passed

Reported from Finance with substitute and referred to Appropriations (22-Y 0-N)

lower

Jan 28, 2026

Lower · Passed

Reported from Finance and referred to Appropriations (18-Y 0-N)

lower

Jan 25, 2026

Lower · Passed

House subcommittee offered

lower

Jan 4, 2026

Committee

Referred to Committee on Finance

lower

1 primary · 2 co-sponsors