Virginia House Bill HB1470

Virginia 2025 Regular Session

• Introduced: 1/19/24
• Refer: 1/19/24

Caption

Income tax, state; deduction for union dues.

Impact

If enacted, HB1470 will have a significant impact on Virginia's state income tax law by providing a new avenue for deductions specifically aimed at supporting union members. This change could motivate more workers to join unions, potentially increasing union membership and funding. Additionally, it could alter the tax landscape for individuals who have previously been unable to claim such deductions, potentially lowering their tax liabilities and incentivizing union participation.

Summary

House Bill 1470 aims to allow taxpayers in Virginia to deduct union dues from their taxable income starting from the taxable year beginning on January 1, 2024. This bill amends §58.1-322.03 of the Code of Virginia and introduces a specific deduction for any union dues paid by individuals to labor organizations. The bill defines 'labor organization' broadly to include various kinds of employee representation committees that deal with employers over labor-related issues.

Contention

However, the bill is likely to generate discussion and contention among legislators and constituents. Supporters may argue that allowing such deductions is a fair recognition of the costs associated with union membership and could enhance labor rights. Conversely, opponents may criticize the bill as prioritizing labor unions at the expense of other taxpayer concerns, stating that it could lead to an unequal tax advantage among workers based on union participation. This could lead to debates about the role of unions in the workforce and the implications for non-union workers.