HB137
Income tax, state; increases current cap of military benefits that may be subtracted.
Status:
In House
Latest Action:
Jan. 29, 2026
House: Committee substitute printed 26106178D-H1
Chief Patron:
Michael Feggans (D)
Session:
2026 Regular Session
Summary
As Introduced. 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 History
- 01/04/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26102129D
- 01/04/2026 - House: Referred to Committee on Finance
- 01/18/2026 - House: Fiscal Impact statement From TAX (1/18/2026 5:15 pm)
- 01/23/2026 - House: Placed on Finance Agenda
- 01/25/2026 - House: House subcommittee offered
- 01/26/2026 - House: Subcommittee recommends reporting with substitute and referring to Appropriations (10-Y 0-N)
- 01/27/2026 - House: Placed on Finance Agenda
- 01/28/2026 - House: Reported from Finance and referred to Appropriations (18-Y 0-N)
- 01/28/2026 - House: Reconsidered by Finance (Voice Vote)
- 01/28/2026 - House: Reported from Finance with substitute and referred to Appropriations (22-Y 0-N)
- 01/28/2026 - House: Referred to Committee on Appropriations
- 01/29/2026 - House: Committee substitute printed 26106178D-H1
