Virginia - Session 2026
Title: Income tax, state; subtractions for military benefits.
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.
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| Date | Event | Detail |
|---|---|---|
| 0000-00-00 | Status | failed |
| 2026-01-13 | Introduced | Bill introduced |
| 2026-02-18 | Latest Action | H Left in Finance |
| Bill | Title | Status |
|---|---|---|
| HB 1464 | Victims of crime; reimbursement for expenses, report. | enrolled |
| SB 812 | Victims of crime; reimbursement for expenses, report. | enrolled |
| HB 1153 | Community Builders Pilot Program; name change, sunset repeal, statewide demonstration model site. | enacted |
| HB 1241 | Hampton Roads Infrastructure Coordination and Readiness Framework; HRTPO to develop, report. | enrolled |
| HB 145 | Fantasy contests; regulation and taxation, civil penalty, repeals fantasy contests act. | enrolled |
| HB 592 | Public schools; wearable panic alarm systems. | enacted |
| SB 129 | Fantasy contests; regulation and taxation, civil penalty, repeals fantasy contests act. | enrolled |
| HB 1011 | Compost and other products containing organic soil amendments infrastructure; DEQ tax policy option. | enrolled |