SB 694 VA
Income Tax, state; subtractions for tips.
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Summary
Individual income tax subtractions; tips. Establishes an individual income tax subtraction for income attributable to tips in an amount equal to (i) 25 percent of the federal tip income deduction for taxable year 2026 and (ii) 50 percent of the federal tip income deduction in taxable year 2027 and thereafter.
Sponsor (1)
- Emily M. Jordan Republican · primary
13 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
- T. Travis Hackworth Republican · cosponsor
- Christopher T. Head Republican · cosponsor
- Ryan T. McDougle Republican · cosponsor
- Tammy Brankley Mulchi Republican · cosponsor
- Mark D. Obenshain Republican · cosponsor
- Mark J. Peake Republican · cosponsor
- Todd E. Pillion Republican · cosponsor
- Glen H. Sturtevant, Jr. Republican · cosponsor
Action history (4)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104554D · upper
- Jan 14, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 24, 2026 Fiscal Impact statement From TAX (1/24/2026 9:56 am) · upper
- Jan 28, 2026 Continued to next session in Finance and Appropriations (9-Y 4-N) · upper
Text versions (2)
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