Virginia · 2025 Regular Session · Bill
HB 2700: Income tax, state; subtractions of military benefits.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2700 is a bill introduced in the Virginia House on January 16, 2025. According to its official title, it concerns: Income tax, state; subtractions of military benefits. Primary sponsor: Chris Obenshain. It lists 6 additional sponsors. Most recent recorded action (February 4, 2025): Left in Finance.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Taxable income; subtractions; military benefits. Removes the current cap of $40,000 of military benefits that may be subtracted from Virginia taxable income for taxable years beginning on and after January 1, 2026, such that the total amount of military benefits may be subtracted from such income.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Chris Obenshain | Primary sponsor | Not applicable (committee) | — | — |
| Mike Cherry | Co-sponsor | Republican | House | 74 |
| A.C. Cordoza | Co-sponsor | Not applicable (committee) | — | — |
| N. Baxter Ennis | Co-sponsor | Not applicable (committee) | — | — |
| W. Chad Green | Co-sponsor | Not applicable (committee) | — | — |
| Mark L. Earley, Jr. | Co-sponsor | Not applicable (committee) | — | — |
| Wendell Walker | Co-sponsor | Republican | House | 52 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Finance
- Subcommittee recommends incorporating into HB2524-Fowler (Voice Vote)
- Assigned Finance sub: Subcommittee #2
- Impact statement from TAX (HB2700)
- Referred to Committee on Finance
- Presented and ordered printed 25103813D