VA SB1529 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2023 - 25% progression, died in chamber
Action: 2023-02-01 - Passed by indefinitely in Finance and Appropriations (13-Y 3-N)
Text: Latest bill text (Introduced) [HTML]

Summary

Right to life tax credit. Allows a refundable income tax credit of $250 for each birth of a dependent member of a taxpayer's household that occurs in taxable years 2023 through 2027. The credit is only available to a family with an annual household income that is not in excess of 400 percent of the current poverty guidelines and is subject to an aggregate cap of $25 million per taxable year. Credits shall be allocated on a pro rata basis if applications exceed such aggregate cap.

Tracking Information

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Title

Right to life; tax credit for each birth of a dependent member of a taxpayer's household.

Sponsors


Roll Calls

2023-02-01 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (13-Y 3-N) (Y: 13 N: 3 NV: 0 Abs: 0) [PASS]
2023-01-26 - Senate - Senate: Rereferred from Education and Health (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-02-01SenatePassed by indefinitely in Finance and Appropriations (13-Y 3-N)
2023-01-26SenateRereferred to Finance and Appropriations
2023-01-26SenateRereferred from Education and Health (14-Y 0-N)
2023-01-20SenateReferred to Committee on Education and Health
2023-01-20SenatePresented and ordered printed 23104459D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581339.14(n/a)See Bill Text

Virginia State Sources


Bill Comments

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