Virginia House Bill 2205 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Child tax credit. Creates a refundable tax credit for taxable years 2023 through 2027 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for an individual or married persons filing a joint return whose family Virginia adjusted gross income, as defined in the Code, does not exceed $100,000. The bill provides that if the amount of such credit exceeds the taxpayer's liability for the taxable year, the excess shall be refunded by the Tax Commissioner within 90 days after the filing date of the income tax return on which the taxpayer applies for such refund. Child tax credit. Creates a refundable tax credit for taxable years 2023 through 2027 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for an individual or married persons filing a joint return whose family Virginia adjusted gross income, as defined in the Code, does not exceed $100,000. The bill provides that if the amount of such credit exceeds the taxpayer's liability for the taxable year, the excess shall be refunded by the Tax Commissioner within 90 days after the filing date of the income tax return on which the taxpayer applies for such refund.

Children; refundable tax credit for individuals whose household includes a child younger than 18.

Del. Kathy Tran [D]

Del. Elizabeth Bennett-Parker [D]

Del. Irene Shin [D]

2023-01-30 - House - House: Subcommittee recommends laying on the table (5-Y 2-N) (Y: 5 N: 2 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-02-07	House	Left in Finance
2023-01-30	House	Subcommittee recommends laying on the table (5-Y 2-N)
2023-01-19	House	Assigned Finance sub: Subcommittee #3
2023-01-11	House	Referred to Committee on Finance
2023-01-11	House	Prefiled and ordered printed; offered 01/11/23 23102353D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.14	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB2205
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2205+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23105594A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2205F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1003V0039+HB2205