VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2024 SESSION

• | print version

HB 1292 Income tax, state; subtraction for professional firefighter pension.

Introduced by: Alex Q. Askew | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.

FULL TEXT

• 01/10/24  House: Prefiled and ordered printed; offered 01/10/24 24102658D  pdf | impact statement
• 02/07/24  House: Committee substitute posted to LIS only 24107082D-H1  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted

HISTORY

• 01/10/24  House: Prefiled and ordered printed; offered 01/10/24 24102658D
• 01/10/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #1
• 02/05/24  House: Subcommittee recommends continuing to 2025 with substitute by voice vote
• 02/07/24  House: Committee substitute posted to LIS only 24107082D-H1
• 02/07/24  House: Continued to 2025 with substitute in Finance by voice vote