Virginia House Bill 1078 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons. The bill requires the Tax Commissioner to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued.

Family caregiver; creates a nonrefundable income tax credit for taxable years 2024 through 2028.

Del. Sam Rasoul [D]	Del. Betsy Carr [D]	Del. Jackie Glass [D]	Del. Michelle Maldonado [D]
Del. Marcia Price [D]	Del. Rodney Willett [D]

2024-02-05 - House - House: Subcommittee recommends continuing to 2025 (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2024-02-07	House	Continued to 2025 in Finance by voice vote
2024-02-05	House	Subcommittee recommends continuing to 2025 (7-Y 0-N)
2024-02-02	House	Assigned Finance sub: Subcommittee #3
2024-01-10	House	Referred to Committee on Finance
2024-01-10	House	Prefiled and ordered printed; offered 01/10/24 24100467D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.15	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1078
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1078+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB1078F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H1003V0006+HB1078