Kathy Tran
- Democratic
- Delegate
- District 18
Primary
Child tax credit; Virginia adjusted gross income. Creates a one-time tax credit in taxable years 2025 through 2029 for taxpayers whose households include dependents younger than 12 years of age and whose family Virginia adjusted gross income, defined in the bill, does not exceed $100,000. Such credit shall be in an amount equal to $300 for each such dependent and only one credit may be claimed for each such dependent. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, the credit is refundable. Otherwise, the credit is nonrefundable.
A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to child tax credit; Virginia adjusted gross income.
Left in Appropriations
Reported from Finance with amendment(s) and referred to Appropriations (12-Y 10-N)
Subcommittee recommends reporting with amendment(s) and referring to Appropriations (5-Y 3-N)
Impact statement from TAX (HB2180)
Assigned Finance sub: Subcommittee #3
Prefiled and ordered printed; Offered 01-08-2025 25104436D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Finance Amendment | HTML |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Impact statement from TAX (HB2180) |
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