HB 1160

  • Virginia House Bill
  • 2024 Regular Session
  • Introduced in House Jan 10, 2024
  • House
  • Senate
  • Governor

Independent contractors; establishes portable benefit accounts and nonrefundable tax credit.

Abstract

Portable benefit accounts; tax credit.Authorizes a Virginia resident who has worked as an independent contractorto establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, creditunion, or other depository institution and distributions from theaccount may be used for the payment of various health-related costs.The bill establishes a nonrefundable tax credit for taxable years2024 through 2028 for individuals who contribute to a portable benefitaccount.

Bill Sponsors (3)

Votes


Actions


Feb 13, 2024

House

Left in Appropriations

Feb 07, 2024

House

Committee substitute printed 24105266D-H1

House

Referred to Committee on Appropriations

House

Reported from Finance with substitute (19-Y 2-N)

Feb 05, 2024

House

Subcommittee recommends reporting with substitute (7-Y 1-N)

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends referring to Committee on Appropriations

Feb 04, 2024

House

Impact statement from TAX (HB1160)

Feb 02, 2024

House

Assigned Finance sub: Subcommittee #1

Jan 10, 2024

House

Prefiled and ordered printed; offered 01/10/24 24100554D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/10/24 24100554D PDF HTML
Committee substitute printed 24105266D-H1 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB1160F161.PDF PDF

Sources

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.