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A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to individual income tax subtractions; tips. Individual income tax subtractions; tips. Establishes an individual income tax subtraction for income attributable to tips in an amount equal to (i) 25 percent of the federal tip income deduction for taxable year 2026 and (ii) 50 percent of the federal tip income deduction in taxable year 2027 and thereafter.