State Government / Virginia / Legislation / SB 143
Individual income tax subtractions; overtime. Establishes an individual income tax subtraction for income attributable to overtime in an amount equal to (i) 25 percent of the federal overtime deduction for taxable year 2026 and (ii) 50 percent of the federal overtime deduction for taxable year 2027 and thereafter.
Latest development · Jul 21, 2026
Continued from last session
Civixly topics
Document type
Primary sponsors are listed before cosponsors and other sponsoring entities.
Newest action first. Action language is supplied by the state source.
Continued from last session
Continued to next session in Finance and Appropriations (9-Y 5-N)
Fiscal Impact statement From TAX (1/17/2026 9:40 am)
Referred to Committee on Finance and Appropriations
Prefiled and ordered printed; Offered 01-14-2026 26104555D
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