VA HB1160 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Portable benefit accounts; tax credit. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, credit union, or other depository institution and distributions from the account may be used for the payment of various health-related costs. The bill establishes a nonrefundable tax credit for taxable years 2024 through 2028 for individuals who contribute to a portable benefit account.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Independent contractors; establishes portable benefit accounts and nonrefundable tax credit.

Sponsors


Roll Calls

2024-02-07 - House - House: Reported from Finance with substitute (19-Y 2-N) (Y: 19 N: 2 NV: 0 Abs: 1) [PASS]
2024-02-05 - House - House: Subcommittee recommends reporting with substitute (7-Y 1-N) (Y: 7 N: 1 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-02-13HouseLeft in Appropriations
2024-02-07HouseReferred to Committee on Appropriations
2024-02-07HouseReported from Finance with substitute (19-Y 2-N)
2024-02-07HouseCommittee substitute printed 24105266D-H1
2024-02-05HouseSubcommittee recommends referring to Committee on Appropriations
2024-02-05HouseSubcommittee recommends reporting with substitute (7-Y 1-N)
2024-02-02HouseAssigned Finance sub: Subcommittee #1
2024-01-10HouseReferred to Committee on Finance
2024-01-10HousePrefiled and ordered printed; offered 01/10/24 24100554D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
40128.13(n/a)See Bill Text
581339.15(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback