Virginia House Bill 1435 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-02-11 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

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. The provisions of the bill apply to taxable years beginning on and after January 1, 2020, but before January 1, 2026.

Low-income taxpayers; refundable income tax credit.

Del. Jerrauld Jones [D]

Del. Kenneth Plum [D]

Del. Alex Askew [D]

2020-01-24 - House - House: Subcommittee recommends laying on the table (6-Y 1-N) (Y: 6 N: 1 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2020-02-11	House	Left in Finance
2020-01-24	House	Subcommittee recommends laying on the table (6-Y 1-N)
2020-01-23	House	Assigned Finance sub: Subcommittee #3
2020-01-08	House	Referred to Committee on Finance
2020-01-08	House	Prefiled and ordered printed; offered 01/08/20 20104026D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.8	(n/a)	See Bill Text
63	2	527	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1435
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1435+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H1003V0006+HB1435