VirginiaIncome tax, state; creates child tax credit.
What it does
Child tax credit; Virginia adjusted gross income. Creates a one-time tax credit in taxable years 2026 through 2030 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.
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 18Left in FinanceLatest
- Feb 2Subcommittee recommends laying on the table (7-Y 3-N)
- Vote recorded Subcommittee recommends laying on the table. Result: pass.Lower
- Feb 1Fiscal Impact statement From TAX (2/1/2026 10:58 am)
- Jan 14Referred to Committee on FinanceMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26103480DIntroduced