Virginia House Bill 2480 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2023 - 25% progression, died in chamber
Action: 2023-02-01 - Tabled in Finance (12-Y 10-N)
Text: Latest bill text (Introduced) [HTML]

Home instruction and private school tax credit. Creates a nonrefundable tax credit for taxable years 2023 through 2027 for parents or legal guardians of a child who is homeschooled or attends a private school in Virginia. The bill provides that the credit is equal to the lesser of (i) half of the average state Standards of Quality funding per student per year or (ii) the costs incurred for instruction-related materials, courses or programs used in home instruction, or private school tuition and is limited to 1,000 children selected by an application and lottery process developed by the Department of Education. Any savings resulting from the credit of less than a student's full state Standards of Quality funding to an individual or married couple shall be deposited into the School Construction Fund. Home instruction and private school tax credit. Creates a nonrefundable tax credit for taxable years 2023 through 2027 for parents or legal guardians of a child who is homeschooled or attends a private school in Virginia. The bill provides that the credit is equal to the lesser of (i) half of the average state Standards of Quality funding per student per year or (ii) the costs incurred for instruction-related materials, courses or programs used in home instruction, or private school tuition and is limited to 1,000 children selected by an application and lottery process developed by the Department of Education. Any savings resulting from the credit of less than a student's full state Standards of Quality funding to an individual or married couple shall be deposited into the School Construction Fund.

Home instruction and private school; tax credit, created.

Del. Dave LaRock [R]

2023-02-01 - House - House: Tabled in Finance (12-Y 10-N) (Y: 12 N: 10 NV: 0 Abs: 0) [PASS]
2023-01-30 - House - House: Subcommittee recommends reporting (4-Y 3-N) (Y: 4 N: 3 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-02-01	House	Tabled in Finance (12-Y 10-N)
2023-01-30	House	Subcommittee recommends referring to Committee on Appropriations
2023-01-30	House	Subcommittee recommends reporting (4-Y 3-N)
2023-01-27	House	Assigned Finance sub: Subcommittee #3
2023-01-20	House	Referred to Committee on Finance
2023-01-20	House	Presented and ordered printed 23102828D

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+HB2480
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2480+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2480F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1003V0040+HB2480
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H10V0093+HB2480