VirginiaSB13782025 Regular SessionSenate

Child tax credit; Virginia adjusted gross income.

Sponsored By: Lashrecse D. Aird (Democratic)

Failed

Summary

Child tax credit; Virginia adjusted gross income. Creates a one-time individual income tax credit in taxable years 2025 through 2029 for taxpayers whose households include dependents younger than 13 years of age and whose family Virginia adjusted gross income, defined in the bill, does not exceed $100,000. Such credit shall be in an amount equal to $300 for each such dependent and only one credit may be claimed for each such dependent. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, the credit is refundable. Otherwise, the credit is nonrefundable.

Finance and Appropriations

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

  • Lashrecse D. Aird

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 1/28/2025

Passed by indefinitely in Finance and Appropriations

Yes: 15 • No: 0

Actions Timeline

  1. Passed by indefinitely in Finance and Appropriations (15-Y 0-N)

    1/28/2025Senate
  2. Impact statement from TAX (SB1378)

    1/26/2025Senate
  3. Referred to Committee on Finance and Appropriations

    1/13/2025Senate
  4. Prefiled and ordered printed; Offered 01-13-2025 25104711D

    1/13/2025Senate

Bill Text

Related Bills

Back to State Legislation