Virginia · 2026 Regular Session · Bill
HB 47: Income tax, state; subtractions, uniformed services and foreign service retirement 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 47 is a bill introduced in the Virginia House on December 29, 2025. According to its official title, it concerns: Income tax, state; subtractions, uniformed services and foreign service retirement benefits. Primary sponsor: David Reid (Democratic). It lists 1 additional sponsor. Most recent recorded action (February 18, 2026): 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.
Income tax subtractions; uniformed services and foreign service retirement benefits. Provides that, for taxable years beginning on and after January 1, 2027, (i) the military retirement income tax subtraction allowed under current law shall include retirement income of uniformed service members and (ii) up to $40,000 of United States Foreign Service member retirement benefits shall be subtracted in computing Virginia taxable income.
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Reid | Primary sponsor | Democratic | House | 28 |
| Paul Krizek | Co-sponsor | Democratic | House | 16 |
“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 laying on the table (8-Y 2-N)
- Fiscal Impact statement From TAX (1/18/2026 4:32 pm)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-14-2026 26100259D