VirginiaSB4192025 Regular SessionSenate

Family caregiver; creates a nonrefundable income tax credit for taxable years 2024 through 2028.

Sponsored By: Christopher T. Head (Republican)

Failed

Summary

Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons.

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

  • Christopher T. Head

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 11 • No: 4

Senate vote • 2/7/2024

Continued to 2025 in Finance and Appropriations

Yes: 11 • No: 4

Actions Timeline

  1. Left in Finance and Appropriations

    11/19/2024Senate
  2. Continued to 2025 in Finance and Appropriations (11-Y 4-N)

    2/7/2024Senate
  3. Impact statement from TAX (SB419)

    1/27/2024Senate
  4. Referred to Committee on Finance and Appropriations

    1/9/2024Senate
  5. Prefiled and ordered printed; offered 01/10/24 24104631D

    1/9/2024Senate

Bill Text

  • Introduced

    1/25/2024

Related Bills

Back to State Legislation