FOR IMMEDIATE RELEASE
December 20th, 2022
McGuire Introduces Legislation to Cut Taxes for All Virginia Veterans
RICHMOND, VA – Today, Delegate John McGuire announced new legislation House Bill 1436 that will eliminate the age 55 requirement for veterans to receive tax reduction on their retirement pay. Passage of this legislation would ensure veterans will see a tax cut on their retirement pay the day after their retirement putting more money back into the pockets of those who have served our country.
“As a Navy SEAL and now member of the Virginia House of Delegates, I was honored to successfully carry HB1128 in 2022, a bill to reduce taxes on veteran retirement pay up to $40k. This success is nearly 30 years in the making, but there is more we must do for our veterans. I am now fighting to remove the age 55 requirement put on my bill, and I am happy Governor Youngkin put the money to do just that in the budget!” said Delegate John McGuire, Candidate for Virginia Senate District 10.
You can find the legislation and read the bill text HERE.
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