States / Virginia / HB 137

HB 137 Reported from Committee

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

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
Jan 4, 2026
Last action
Feb 18, 2026 — Left in Committee Appropriations
Session
2026
Momentum
48 · Moderate