VirginiaChild tax credit; Virginia adjusted gross income.
What it does
Child tax credit; Virginia adjusted gross income. Creates a one-time tax credit in taxable years 2025 through 2029 for taxpayers whose households include dependents younger than 12 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.
More detail
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.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in AppropriationsLatest
- Jan 29Reported from Finance with amendment(s) and referred to Appropriations (12-Y 10-N)Minor
- Vote recorded Reported from Finance with amendment(s) and rereferred to Appropriations (12-Y 10-N). Result: pass.Lower
- Jan 27Subcommittee recommends reporting with amendment(s) and referring to Appropriations (5-Y 3-N)
- Vote recorded Subcommittee recommends reporting with amendment(s) and rereferred to Appropriations (5-Y 3-N). Result: pass.Lower
- Jan 25Impact statement from TAX (HB2180)
- Jan 24Assigned Finance sub: Subcommittee #3Minor
- Jan 7Referred to Committee on FinanceMinor
- Jan 7Prefiled and ordered printed; Offered 01-08-2025 25104436DIntroduced