VirginiaSB11172025 Regular SessionSenate

Income tax, corporate and state; tax credit for braille labeling program.

Sponsored By: Danica A. Roem (Democratic)

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Summary

Income tax credit; braille labeling program. Creates a nonrefundable individual and corporate income tax credit, as applicable, for up to $50,000 of expenditures incurred in the development and implementation of a braille labeling program on products, items, or packages sold in or shipped to the Commonwealth in taxable years 2025 through 2029. The aggregate amount of credits allowed for all taxpayers in a taxable year is $1,000,000.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Danica A. Roem

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Left in Finance and Appropriations

    2/5/2025Senate
  2. Impact statement from TAX (SB1117)

    1/16/2025Senate
  3. Referred to Committee on Finance and Appropriations

    1/7/2025Senate
  4. Prefiled and ordered printed; Offered 01-08-2025 25102409D

    1/7/2025Senate

Bill Text

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