2025 Regular Session • Virginia Legislature
SB943: Income tax, state; subtraction for retirement income of certain federal employees.
Legislative Summary
Income tax; subtraction; retirement income of certain federal employees. Establishes, beginning in taxable year 2025, an individual income tax subtraction for 20 percent of the retirement income of retirees covered under the federal Civil Service Retirement System (CSRS).
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/6/2025
Prefiled and ordered printed; Offered 01-08-2025 25102054D
Senate
1/6/2025
Referred to Committee on Finance and Appropriations
Senate
1/18/2025
Impact statement from TAX (SB943)
Senate
1/21/2025
Passed by indefinitely in Finance and Appropriations (14-Y 0-N)
Senate
Roll Call Votes
Passed by indefinitely in Finance and Appropriations (14-Y 0-N)
1/21/2025
14
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Introduced(1/6/2025)
Chamber
Senate
