VirginiaHB9692025 Regular SessionHouse

Child tax credit; creates a credit for taxable years 2024 through 2028.

Sponsored By: Kathy K.L. Tran (Democratic)

Failed

Summary

Child tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for each such dependent for an individual or married persons filing a joint return whose family Virginia adjusted gross income, as defined by Virginia code, does not exceed $100,000. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, and the amount of such credit exceeds the taxpayer's liability for the taxable year, the excess shall be refunded by the Tax Commissioner.

Finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kathy K.L. Tran

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 7 • No: 0

House vote • 2/7/2024

Continued to 2025 in Finance (Voice Vote)

Yes: 0 • No: 0

House vote • 2/5/2024

Subcommittee recommends continuing to 2025

Yes: 7 • No: 0

Actions Timeline

  1. Left in Finance

    11/18/2024House
  2. Continued to 2025 in Finance (Voice Vote)

    2/7/2024House
  3. Subcommittee recommends continuing to 2025 (7-Y 0-N)

    2/5/2024House
  4. Impact statement from TAX (HB969)

    2/2/2024House
  5. Assigned Finance sub: Subcommittee #3

    2/2/2024House
  6. Referred to Committee on Finance

    1/9/2024House
  7. Prefiled and ordered printed; offered 01/10/24 24100763D

    1/9/2024House

Bill Text

  • Introduced

    2/1/2024

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