2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Mason
Virginia National Guard Income Tax Subtraction (SB 1210) (language only)

Item 0 #21s

Item 0 #21s



Page 1, line 39, strike "$26,901,248,506" and insert "$26,900,048,506 ".


(This amendment accompanies Senate Bill 1210, a bill that increases the income tax subtraction from $3,000 to $6,000 for income derived from service as a member of the Virginia National Guard and expands eligibility to those persons in the ranks of O5 and below beginning in taxable year 2023. This amendment assumes a general fund revenue reduction of $1.2 million the second year as a placeholder. The actual impact is to be determined.)