SB 1117

Abstract

Income tax credit; braille labeling program. Creates a nonrefundable individual and corporate income tax credit, as applicable, for up to $50,000 of expenditures incurred in the development and implementation of a braille labeling program on products, items, or packages sold in or shipped to the Commonwealth in taxable years 2025 through 2029. The aggregate amount of credits allowed for all taxpayers in a taxable year is $1,000,000.

A BILL to amend the Code of Virginia by adding by Article 13 of Chapter 3 of Title 58.1 a section numbered 58.1-439.12:13, relating to income tax credit; braille labeling program.