HB 2305

Abstract

Income tax; eligible conception tax credit. Allows, in taxable years 2025 through 2029, a refundable income tax credit for an individual or married individuals whose family Virginia adjusted gross income does not exceed 400 percent of the poverty guidelines, defined in the bill, in an amount equal to $250 per eligible conception, also defined in the bill, during such taxable year.

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 income tax; eligible conception tax credit.