2025 Regular Session • Virginia Legislature
HB2575: 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
1/12/2025
Prefiled and ordered printed; Offered 01-13-2025 25101309D
House of Delegates
1/12/2025
Referred to Committee on Finance
House of Delegates
1/23/2025
Impact statement from TAX (HB2575)
House of Delegates
1/25/2025
Assigned Finance sub: Subcommittee #2
House of Delegates
2/4/2025
Left in Finance
House of Delegates
Status Information
Current Status
Introduced(1/12/2025)
Chamber
House of Delegates
Committee
Finance(House of Delegates)
Sponsors
Republican: 1
Primary Sponsor
James Leftwich
Republican