VirginiaHB27072025 Regular SessionHouse

Income tax, state; toll charges for disabled veterans tax credit.

Sponsored By: Chris S. Runion (Republican)

Failed

Summary

Income tax; toll charges for disabled veterans tax credit. Creates a nonrefundable income tax credit for taxable years 2025 through 2029 for expenses incurred during the taxable year by a disabled veteran, defined in the bill, for documented toll charges, also defined in the bill. The amount of the credit shall be equal to the lesser of the documented toll charges or $100. The bill requires the Tax Commissioner to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued.

Finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chris S. Runion

    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 (HB2707)

    1/26/2025House
  4. Assigned Finance sub: Subcommittee #2

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

    1/16/2025House
  6. Presented and ordered printed 25103056D

    1/16/2025House

Bill Text

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