VirginiaHB17172025 Regular SessionHouse

Earned income tax credit.

Sponsored By: Marcia S. "Cia" Price (Democratic)

Failed

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. Under current law, taxpayers may choose to claim either a nonrefundable tax credit equal to 20 percent of the federal earned income tax credit claimed that year or a refundable tax credit equal to 15 percent of the federal earned income tax credit claimed that year.

Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Marcia S. "Cia" Price

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 17 • No: 13

House vote • 1/29/2025

Reported from Finance with substitute and referred to Appropriations

Yes: 12 • No: 10

House vote • 1/27/2025

Subcommittee recommends reporting with substitute and referring to Appropriations

Yes: 5 • No: 3

Actions Timeline

  1. Left in Appropriations

    2/4/2025House
  2. Committee substitute printed 25105847D-H1

    1/29/2025House
  3. Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)

    1/29/2025House
  4. Subcommittee recommends reporting with substitute and referring to Appropriations (5-Y 3-N)

    1/27/2025House
  5. Assigned Finance sub: Subcommittee #3

    1/24/2025House
  6. Impact statement from TAX (HB1717)

    1/19/2025House
  7. Referred to Committee on Finance

    1/4/2025House
  8. Prefiled and ordered printed; Offered 01-13-2025 25101989D

    1/4/2025House

Bill Text

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