HB 621

  • Virginia House Bill
  • 2025 Regular Session
  • Introduced in House Jan 09, 2024
  • House
  • Senate
  • Governor

Income tax, state; eligible low-income taxpayers to claim a refundable tax credit.

Abstract

Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that individuals who would have been entitled to the federal equivalent of this credit but for the fact that the individual, the individual's spouse, or one or more of the individual's children does not have a valid social security number are eligible to claim this credit.

A BILL to amend and reenact ยง 58.1-339.8 of the Code of Virginia, relating to earned income tax credit. 24100960D

Bill Sponsors (1)

Votes


Actions


Nov 18, 2024

House

Left in Finance

Feb 07, 2024

House

Continued to 2025 with amendment(s) in Finance (Voice Vote)

Feb 05, 2024

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends continuing to 2025 with amendment(s) (7-Y 0-N)

Feb 02, 2024

House

Assigned Finance sub: Subcommittee #3

Jan 29, 2024

House

Impact statement from TAX (HB621)

Jan 09, 2024

House

Prefiled and ordered printed; offered 01/10/24 24100960D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (HB621) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.

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