Chris Head
- Republican
- Senator
- District 3
Family caregiver tax credit. Creates a nonrefundableincome tax credit for taxable years 2024 through 2028 for expensesincurred by an individual in caring for an eligible family member,defined in the bill, who requires assistance with one or more activitiesof daily living, also defined in the bill. The credit equals 50 percentof eligible expenditures incurred by the caregiver up to $1,000. Inorder to qualify for the credit, the family caregiver must (i) notreceive any compensation or reimbursement for the eligible expendituresand (ii) have federal adjusted gross income that is no greater than$100,000 for an individual or $200,000 for married persons.
Continued to 2025 in Finance and Appropriations (11-Y 4-N)
Impact statement from TAX (SB419)
Prefiled and ordered printed; offered 01/10/24 24104631D
Referred to Committee on Finance and Appropriations
Bill Text Versions | Format |
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Prefiled and ordered printed; offered 01/10/24 24104631D | PDF HTML |
Document | Format |
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Fiscal Impact Statement: SB419F161.PDF |
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