SB 143 VA
Income tax, state; subtractions for income attributable to overtime.
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Summary
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.
Sponsor (1)
- Ryan T. McDougle Republican · primary
14 coauthors / cosponsors
- Luther Cifers, III Republican · cosponsor
- Christie New Craig Republican · cosponsor
- Bill DeSteph Republican · cosponsor
- J.D. "Danny" Diggs Republican · cosponsor
- Tara A. Durant Republican · cosponsor
- Timmy French Republican · cosponsor
- T. Travis Hackworth Republican · cosponsor
- Christopher T. Head Republican · cosponsor
- Tammy Brankley Mulchi Republican · cosponsor
- Mark D. Obenshain Republican · cosponsor
- Mark J. Peake Republican · cosponsor
- Todd E. Pillion Republican · cosponsor
- William M. Stanley, Jr. Republican · cosponsor
- Glen H. Sturtevant, Jr. Republican · cosponsor
Action history (4)
- Jan 7, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104555D · upper
- Jan 7, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 17, 2026 Fiscal Impact statement From TAX (1/17/2026 9:40 am) · upper
- Jan 20, 2026 Continued to next session in Finance and Appropriations (9-Y 5-N) · upper
Text versions (2)
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