Virginia bills · 2026 Regular Session
Virginia HB 588
Income tax, state; subtractions for military benefits.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Jason S. Ballard (Republican)
Cosponsors (1)
- Will Davis (Republican)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Individual income tax; subtractions; military benefits. Removes the cap on military benefits that may be subtracted from Virginia taxable income for taxable years beginning on and after January 1, 2026, allowing the total amount of such benefits to be subtracted from such income. Under current law, up to $40,000 of military benefits may be subtracted from Virginia taxable income.
Text versions
Roll-call votes
State vote data last updated Oct 15, 2026, 4:19 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Feb 2, 2026 House | Subcommittee recommends laying on the table | pass | Set your home in Virginia to see |
Actions
- Feb 18, 2026 · House
Left in Finance - Feb 2, 2026 · House
Subcommittee recommends laying on the table (7-Y 2-N) - Jan 20, 2026 · House
Fiscal Impact statement From TAX (1/20/2026 11:39 am) - Jan 13, 2026 · House
Referred to Committee on Finance - Jan 13, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26101424D