VA HB47

Adds retirement income from uniformed services pension plans (beyond Armed Forces) to the definition of "military benefits" eligible for Virginia income tax subtraction of up to $40,000, effective for taxable years beginning January 1, 2027

Creates a new income tax subtraction of up to $40,000 for Foreign Service retirement benefits received from the Foreign Service Retirement and Disability System or the Foreign Service Pension System, effective January 1, 2027

Expands the definition of "uniformed services" to include all services defined in 5 U.S.C. § 2101, which encompasses commissioned corps of the Public Health Service and National Oceanic and Atmospheric Administration in addition to military branches

Prohibits claiming the subtraction if a credit, exemption, subtraction, or deduction is claimed for the same income under any other provision of Virginia or federal law