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2024 SESSION

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SB 662 Income tax, state; subtraction for state police retirement benefits.

Introduced by: Mark J. Peake | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax subtraction; state police retirement benefits. Establishes an income tax subtraction for up to $10,000 of state police retirement benefits in taxable year 2024 and each year thereafter. The bill defines state police retirement benefits to include retirement income received by a Virginia State Police officer who is at least 55 years of age and benefits paid to the surviving spouse of such officer whose death occurred in the line of duty.


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