Cia Price
- Democratic
- Delegate
- District 85
Primary
Refundable income tax credit for low-incometaxpayers. Allows low-income individuals and married persons to claim either (i) a nonrefundable income tax credit equal to $300for each individual, his spouse, and any dependents or (ii) a refundableincome tax credit equal to 20 percent of the federal earned incometax credit claimed that year by the individual or married personsfor the same taxable year. Under current law, low-income individualsand married persons may elect either of these amounts; however, bothoptions for claiming the credit are nonrefundable. The provisionsof the bill apply to taxable years 2022 through 2028.
Left in Finance
House subcommittee amendments and substitutes offered
Subcommittee recommends laying on the table (6-Y 3-N)
Assigned Finance sub: Subcommittee #1
Impact statement from TAX (HB1312)
Presented and ordered printed 22104565D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Presented and ordered printed 22104565D | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB1312F161.PDF |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.