VA SB419 | 2025 | Regular Session
Note: Carry Over of previous SB419
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance and Appropriations (11-Y 4-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance and Appropriations (11-Y 4-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons.
Title
Family caregiver; creates a nonrefundable income tax credit for taxable years 2024 through 2028.
Sponsors
Roll Calls
2024-02-07 - Senate - Senate: Continued to 2025 in Finance and Appropriations (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-07 | Senate | Continued to 2025 in Finance and Appropriations (11-Y 4-N) |
| 2024-01-09 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-09 | Senate | Prefiled and ordered printed; offered 01/10/24 24104631D |
Same As/Similar To
SB419 (Carry Over) 2024-02-07 - Continued to 2025 in Finance and Appropriations (11-Y 4-N)
