Income tax, state; subtraction for incentive stock options.

Summary

The bill adds a subtraction to Virginia’s individual income tax for any profit earned when a taxpayer exercises incentive stock options that were already taxed elsewhere. It is aimed at residents who receive such stock‑option income and want to avoid being taxed twice. The measure seeks to make Virginia’s tax code more equitable for these taxpayers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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