VA HB1312 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Refundable income tax credit for low-income taxpayers. Allows low-income individuals and married persons to claim either (i) a nonrefundable income tax credit equal to $300 for each individual, his spouse, and any dependents or (ii) a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the individual or married persons for the same taxable year. Under current law, low-income individuals and married persons may elect either of these amounts; however, both options for claiming the credit are nonrefundable. The provisions of the bill apply to taxable years 2022 through 2028.
Title
Income tax, state; refundable tax credit for low-income taxpayers.
Sponsors
Roll Calls
2022-01-31 - House - House: Subcommittee recommends laying on the table (6-Y 3-N) (Y: 6 N: 3 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-15 | House | Left in Finance |
| 2022-01-31 | House | Subcommittee recommends laying on the table (6-Y 3-N) |
| 2022-01-27 | House | Assigned Finance sub: Subcommittee #1 |
| 2022-01-21 | House | Referred to Committee on Finance |
| 2022-01-21 | House | Presented and ordered printed 22104565D |
