Virginia House Bill 502 (Prior Session Legislation)

---

Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on January 6 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Employer quality child care program tax credit. Establishes an individual and corporate income tax credit beginning in 2014 for amounts paid or incurred by employers for the operating costs of quality child care programs used by the children of their employees. The bill defines a quality child care program as a center-based or similar program that is participating in Virginia's Quality Rating and Improvement System. The credit would equal 35 percent of the (i) operating costs incurred by the employer to operate its own quality child care program for employees, (ii) payments made by the employer to an independent quality child care program on behalf of its employees, and (iii) payments made directly to employees as an employee benefit for the quality child care program expenses of their children. The Tax Commissioner would be limited to issuing $5 million in tax credits each fiscal year. The maximum tax credit allowed in any taxable year to any employer would be limited to $250,000. Credit would also be allowed to employers for expenditures prior to January 1, 2016, on child care programs not participating in Virginia's Quality Rating and Improvement System but that otherwise meet all other requirements under the bill in regard to child care programs. Unused credits would be allowed to be carried forward for three taxable years.

Child care program; tax credit to employers for operating costs.

Del. Mamye BaCote [D]	Del. Robert Brink [D]	Del. Algie Howell [D]	Del. Christopher Peace [R]
Del. Kenneth Plum [D]	Sen. Lionell Spruill [D]	Del. Roslyn Tyler [D]	Del. Kaye Kory [D]
Del. Patrick Hope [D]	Del. Alfonso Lopez [D]	Del. Rob Krupicka [D]	Del. Michael Futrell [D]
Sen. Monty Mason [D]	Del. Sam Rasoul [D]

Date	Chamber	Action
2014-02-12	House	Left in Finance
2014-01-24	House	Subcommittee recommends laying on the table by voice vote
2014-01-22	House	Assigned Finance sub: Subcommittee #3
2014-01-06	House	Referred to Committee on Finance
2014-01-06	House	Prefiled and ordered printed; offered 01/08/14 14102989D

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.12:11	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB502
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB502+hil