State Sen. Reeves Introduced Youngkin Legislation to Cut Virginia Veterans’ Income Tax, Expand Child Care Subsidy Eligibility

Governor Glenn Youngkin is enacting some of his policies by executive order, but he’ll have to work with legislators to get other initiatives passed. State Senator Bryce Reeves (R-Spotsylvania) has introduced two bills focused on the governor’s goal to make Virginia more veteran friendly.

“The bills, carried by Senator Reeves on behalf of Governor-elect Glenn Youngkin, signal that Governor-elect Youngkin’s administration values military and veteran families across the commonwealth and recognizes that Virginia must compete to retain its recognition as one of the most military and veteran-friendly states,” a Friday Reeves press release said.

SB 528, if passed, would make up to $20,000 of military benefits exempt from Virginia income tax in 2021, $30,000 in 2022, and $40,000 in 2023. Most laws take effect in July following a legislative session, but SB 528 includes an emergency clause that would cause the bill to go into effect as soon as it is passed; however, the emergency clause requires four-fifths approval from the General Assembly.

Cutting veterans’ retirement income tax was one of Youngkin’s campaign promises…. (Excerpts from the Virginia Star)