VA SB1360 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 11 2023 - 25% progression, died in chamber
Action: 2023-02-01 - Passed by indefinitely in Finance and Appropriations (11-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Education improvement scholarships tax credits. Expands the education improvement scholarships tax credit program for taxable years 2023 through 2027 by (i) increasing from 65 percent to 100 percent the credit amount for the value of the monetary or marketable securities donation made by the person to an included scholarship foundation, (ii) removing the requirement that eligible pre-kindergarten children be at-risk four-year-olds unable to obtain services through Head Start or Virginia Preschool Initiative programs, (iii) requiring that nonpublic pre-kindergarten programs participate in the Unified Virginia Quality Birth to Five System (VQB5), rather than the Virginia Quality rating system, and (iv) expanding eligible students to include any school-aged child living in Virginia whose family income does not exceed 300 percent of federal poverty guidelines, regardless of prior public school enrollment or a recent move to Virginia. Education improvement scholarships tax credits. Expands the education improvement scholarships tax credit program for taxable years 2023 through 2027 by (i) increasing from 65 percent to 100 percent the credit amount for the value of the monetary or marketable securities donation made by the person to an included scholarship foundation, (ii) removing the requirement that eligible pre-kindergarten children be at-risk four-year-olds unable to obtain services through Head Start or Virginia Preschool Initiative programs, (iii) requiring that nonpublic pre-kindergarten programs participate in the Unified Virginia Quality Birth to Five System (VQB5), rather than the Virginia Quality rating system, and (iv) expanding eligible students to include any school-aged child living in Virginia whose family income does not exceed 300 percent of federal poverty guidelines, regardless of prior public school enrollment or a recent move to Virginia.

Tracking Information

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Title

Education improvement scholarships; expands tax credit program.

Sponsors


Roll Calls

2023-02-01 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (11-Y 5-N) (Y: 11 N: 5 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-02-01SenatePassed by indefinitely in Finance and Appropriations (11-Y 5-N)
2023-01-11SenateReferred to Committee on Finance and Appropriations
2023-01-11SenatePrefiled and ordered printed; offered 01/11/23 23101923D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.25(n/a)See Bill Text
581439.26(n/a)See Bill Text
581439.28(n/a)See Bill Text

Virginia State Sources


Bill Comments

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