VA HB621 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 with amendment(s) in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that individuals who would have been entitled to the federal equivalent of this credit but for the fact that the individual, the individual's spouse, or one or more of the individual's children does not have a valid social security number are eligible to claim this credit.

Tracking Information

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Title

Income tax, state; eligible low-income taxpayers to claim a refundable tax credit.

Sponsors


Roll Calls

2024-02-05 - House - House: Subcommittee recommends continuing to 2025 with amendment(s) (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-02-07HouseContinued to 2025 with amendment(s) in Finance by voice vote
2024-02-05HouseSubcommittee recommends continuing to 2025 with amendment(s) (7-Y 0-N)
2024-02-02HouseAssigned Finance sub: Subcommittee #3
2024-01-09HouseReferred to Committee on Finance
2024-01-09HousePrefiled and ordered printed; offered 01/10/24 24100960D

Same As/Similar To

SB183 (Similar To) 2024-02-07 - Continued to 2025 in Finance and Appropriations (15-Y 0-N)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581339.8(n/a)See Bill Text

Virginia State Sources


Bill Comments

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