VirginiaHB23452025 Regular SessionHouse

Child day-care facility investment and child day-care expense reimbursement; income tax credits.

Sponsored By: Chris Obenshain (Republican)

Failed

Summary

Child day-care facility investment and child day-care expense reimbursement tax credits. Allows a taxpayer to claim a nonrefundable income tax credit for 25 percent of amounts incurred for eligible child day-care expenses of the taxpayer's employees that are either paid directly by the taxpayer or reimbursed by such taxpayer to the taxpayer's employees during the taxable year. The bill also increases from $25,000 to $50,000 the amount for which a taxpayer may claim a credit for establishing a child day-care facility for taxable years beginning on and after January 1, 2026. Finally, approval of applications for the credits shall be limited to those that are assumed to result in no more than $200,000 of credits in any fiscal year. Under current law, such limit is $100,000.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chris Obenshain

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 5 • No: 2

House vote • 1/28/2025

Subcommittee recommends laying on the table

Yes: 5 • No: 2

Actions Timeline

  1. Left in Finance

    2/4/2025House
  2. Subcommittee recommends laying on the table (5-Y 2-N)

    1/28/2025House
  3. Impact statement from TAX (HB2345)

    1/25/2025House
  4. Assigned Finance sub: Subcommittee #2

    1/24/2025House
  5. Referred to Committee on Finance

    1/8/2025House
  6. Prefiled and ordered printed; Offered 01-08-2025 25102783D

    1/8/2025House

Bill Text

Related Bills

Back to State Legislation