VA SB763 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on December 13 2024 - 25% progression
Action: 2025-02-05 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on December 13 2024 - 25% progression
Action: 2025-02-05 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Income tax deduction; tips. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of cash tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes.
Title
Income tax deduction; tips.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-05 | Senate | Left in Finance and Appropriations |
| 2025-01-10 | Senate | Impact statement from TAX (SB763) |
| 2024-12-13 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-12-13 | Senate | Prefiled and ordered printed; Offered 01-08-2025 25102293D |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/bill-details/20251/SB763 |
| Text | https://lis.virginia.gov/bill-details/20251/SB763/text/SB763 |
| Supplement | https://lis.blob.core.windows.net/files/1018074.PDF |
