Bill > HB1128

Introduced Session

Income tax; military benefits subtraction; emergency. Establishes an income tax subtraction for up to $20,000 of military benefits in taxable year 2022, up to $30,000 in taxable year 2023, and up to $40,000 in taxable year 2024 and each year thereafter. The bill defines military benefits to include military retirement income and benefits paid to the surviving spouse of a veteran. The bill contains an emergency clause. Income tax; military benefits subtraction; emergency. Establishes an income tax subtraction for up to $20,000 of military benefits in taxable year 2022, up to $30,000 in taxable year 2023, and up to $40,000 in taxable year 2024 and each year thereafter. The bill defines military benefits to include military retirement income and benefits paid to the surviving spouse of a veteran. The bill contains an emergency clause.

AI Summary

Committee Categories

Elizabeth Guzmán (D)*,  John McGuire (R)*,  Terry Austin (R),  G. John Avoli (R),  Jason Ballard (R),  Kathy Byron (R),  Jeffrey Campbell (R),  Mike Cherry (R),  Aijalon Cordoza (R),  Carrie Coyner (R),  Tara Durant (R),  C. Matthew Fariss (R),  Anne Ferrell Tata (R),  Hyland Fowler (R),  Nicholas Freitas (R),  C. Todd Gilbert (R),  Karen Greenhalgh (R),  Chris Head (R),  M. Keith Hodges (R),  Clinton Jenkins (D),  Emily Jordan (R),  David LaRock (R),  James Leftwich (R),  Marie March (R),  James Morefield (R),  Kathleen Murphy (D),  Roxann Robinson (R),  Chris Runion (R),  Phillip Scott (R),  Kim Taylor (R),  Luke Torian (D),  Wendell Walker (R),  William Wiley (R),  Wren Williams (R),  Tony Wilt (R),  Thomas Wright (R),  Scott Wyatt (R), 

Governor: Acts of Assembly Chapter text (CHAP0014) (on 08/04/2022)

Official Document