VirginiaIncome tax, state; eligible low-income taxpayers to claim a refundable tax credit.
What it does
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2024
- Nov 18Left in FinanceLatest
- Feb 7Continued to 2025 with amendment(s) in Finance (Voice Vote)
- Feb 5Subcommittee recommends continuing to 2025 with amendment(s) (7-Y 0-N)
- Vote recorded Continued with amendment(s). Result: pass.Lower
- Feb 5House subcommittee amendments and substitutes offered
- Feb 2Assigned Finance sub: Subcommittee #3Minor
- Jan 29Impact statement from TAX (HB621)
- Jan 9Referred to Committee on FinanceMinor
- Jan 9Prefiled and ordered printed; offered 01/10/24 24100960DIntroduced