VA HB969 | 2025 | Regular Session
Note: Carry Over of previous HB969
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Child tax credit. Creates a tax credit for taxable years 2024 through 2028 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 each such dependent for an individual or married persons filing a joint return whose family Virginia adjusted gross income, as defined by Virginia code, does not exceed $100,000. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, and the amount of such credit exceeds the taxpayer's liability for the taxable year, the excess shall be refunded by the Tax Commissioner. Child tax credit. Creates a tax credit for taxable years 2024 through 2028 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 each such dependent for an individual or married persons filing a joint return whose family Virginia adjusted gross income, as defined by Virginia code, does not exceed $100,000. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, and the amount of such credit exceeds the taxpayer's liability for the taxable year, the excess shall be refunded by the Tax Commissioner.
Title
Child tax credit; creates a credit for taxable years 2024 through 2028.
Sponsors
Del. Kathy Tran [D] | Del. Elizabeth Bennett-Parker [D] | Del. Rae Cousins [D] | Del. Phil Hernandez [D] |
Del. Carrie Coyner [R] | Del. Phillip Scott [R] |
Roll Calls
2024-02-05 - House - House: Subcommittee recommends continuing to 2025 (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2024-02-07 | House | Continued to 2025 in Finance by voice vote |
2024-02-05 | House | Subcommittee recommends continuing to 2025 (7-Y 0-N) |
2024-02-02 | House | Assigned Finance sub: Subcommittee #3 |
2024-01-09 | House | Referred to Committee on Finance |
2024-01-09 | House | Prefiled and ordered printed; offered 01/10/24 24100763D |
Same As/Similar To
HB969 (Carry Over) 2024-02-07 - Continued to 2025 in Finance by voice vote