VA SB183 | 2025 | Regular Session

Note: Carry Over of previous SB183

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations 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. 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

2024-02-07 - Senate - Senate: Continued to 2025 in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-02-07SenateContinued to 2025 in Finance and Appropriations (15-Y 0-N)
2024-01-08SenateReferred to Committee on Finance and Appropriations
2024-01-08SenatePrefiled and ordered printed; offered 01/10/24 24103117D

Same As/Similar To

SB183 (Carry Over) 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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