Virginia House Bill 969 (Prior Session Legislation)

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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]

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.

Child tax credit; creates a credit for taxable years 2024 through 2028.

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]

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

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

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.15	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB969
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB969+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB969F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H1003V0005+HB0969