Virginia House Bill 1831 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-02-10 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Low-income taxpayer tax credit. Allows low-income individuals and married persons to claim a refundable income tax credit equal to 10 percent of the federal earned income tax credit claimed by the individual or married persons for the year in lieu of the current options available for claiming the credit. Under current law, low-income individuals and married persons may claim (i) a nonrefundable income tax credit equal to $300 for each of the individual, his spouse, and any dependents or (ii) a nonrefundable income tax credit equal to 20 percent of the federal earned income tax credit claimed by the individual or married persons for the year. The changes in the bill would become effective beginning with taxable year 2015.

Income tax, state; tax credit for low-income taxpayer.

Del. Kenneth Plum [D]

Date	Chamber	Action
2015-02-10	House	Left in Finance
2015-01-30	House	Subcommittee recommends laying on the table by voice vote
2015-01-20	House	Assigned Finance sub: Subcommittee #3
2015-01-13	House	Referred to Committee on Finance
2015-01-13	House	Prefiled and ordered printed; offered 01/14/15 15102342D

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

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB1831
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1831+hil