Virginia House Bill 1500 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on January 3 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Adoption Tax Credit. Establishes a nonrefundable income tax credit for taxable years 2023 through 2027 for the amount of qualified adoption expenses, as defined by the bill, paid or incurred by an individual or married couple who finalize a legal adoption. The aggregate amount of qualified adoption expenses that may be claimed shall not exceed $10,000. In the case of an adoption of a child with special needs, as defined by the bill, the taxpayer will be treated as though he incurred $10,000 in qualified adoption expenses. Adoption Tax Credit. Establishes a nonrefundable income tax credit for taxable years 2023 through 2027 for the amount of qualified adoption expenses, as defined by the bill, paid or incurred by an individual or married couple who finalize a legal adoption. The aggregate amount of qualified adoption expenses that may be claimed shall not exceed $10,000. In the case of an adoption of a child with special needs, as defined by the bill, the taxpayer will be treated as though he incurred $10,000 in qualified adoption expenses.

Adoption; nonrefundable tax credit for amount of qualified expenses.

Del. Chris Runion [R]	Del. Timothy Anderson [R]	Del. John Avoli [R]	Del. Ellen Campbell [R]
Del. Marie March [R]	Del. Anne Ferrell Tata [R]	Del. Wren Williams [R]

Date	Chamber	Action
2023-02-07	House	Left in Finance
2023-01-13	House	Assigned Finance sub: Subcommittee #3
2023-01-03	House	Referred to Committee on Finance
2023-01-03	House	Prefiled and ordered printed; offered 01/11/23 23100806D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.14	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1500
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1500+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1500F161+PDF