VA HB1292 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 with substitute in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.

Tracking Information

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Title

Income tax, state; subtraction for professional firefighter pension.

Sponsors


History

DateChamberAction
2024-02-07HouseContinued to 2025 with substitute in Finance by voice vote
2024-02-07HouseCommittee substitute posted to LIS only 24107082D-H1
2024-02-05HouseSubcommittee recommends continuing to 2025 with substitute by voice vote
2024-02-02HouseAssigned Finance sub: Subcommittee #1
2024-01-10HouseReferred to Committee on Finance
2024-01-10HousePrefiled and ordered printed; offered 01/10/24 24102658D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581322.02(n/a)See Bill Text

Virginia State Sources


Bill Comments

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