Income tax, state; subtractions for military benefits.
Summary
Individual income tax; subtractions; military benefits. Removes the cap on military benefits that may be subtracted from Virginia taxable income for taxable years beginning on and after January 1, 2026, allowing the total amount of such benefits to be subtracted from such income. Under current law, up to $40,000 of military benefits may be subtracted from Virginia taxable income.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Feb 18, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
1
Committee
2
Feb 2, 2026
Lower · Passed
Subcommittee recommends laying on the table (7-Y 2-N)
lower
Jan 13, 2026
Committee
Referred to Committee on Finance
lower
1 primary · 1 co-sponsor
Sponsors
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