VirginiaSB8102025 Regular SessionSenate

Income tax, state; eligible low-income taxpayers to claim a refundable income tax credit.

Sponsored By: Aaron R. Rouse (Democratic)

Failed

Summary

Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that individuals who would have been entitled to the federal equivalent of this credit but for the fact that the individual, the individual's spouse, or one or more of the individual's children does not have a valid social security number are eligible to claim this credit. Under current law, taxpayers may choose to claim either a nonrefundable tax credit equal to 20 percent of the federal earned income tax credit claimed that year or a refundable tax credit equal to 15 percent of the federal earned income tax credit claimed that year.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Aaron R. Rouse

    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 (SB810)

    1/23/2025Senate
  3. Referred to Committee on Finance and Appropriations

    12/30/2024Senate
  4. Prefiled and ordered printed; Offered 01-08-2025 25101303D

    12/30/2024Senate

Bill Text

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