VA HB2160 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 8 2019 - 25% progression, died in chamber
Action: 2019-01-28 - Failed to report (defeated) in Finance (10-Y 12-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Refundable income tax credit for low-income taxpayers. Allows low-income individuals and married persons to claim either (i) a nonrefundable income tax credit equal to $300 for each individual, his spouse, and any dependents or (ii) a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the individual or married persons. Under current law, low-income individuals and married persons may elect either of these amounts; however, both options for claiming the credit are nonrefundable. The provisions of the bill apply to taxable years beginning on and after January 1, 2019, but before January 1, 2026.

Tracking Information

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Title

Low-income taxpayers; refundable income tax credit.

Sponsors


Roll Calls

2019-01-28 - House - House: Failed to report (defeated) in Finance (10-Y 12-N) (Y: 10 N: 12 NV: 0 Abs: 0) [FAIL]

History

DateChamberAction
2019-01-28HouseFailed to report (defeated) in Finance (10-Y 12-N)
2019-01-08HouseReferred to Committee on Finance
2019-01-08HousePrefiled and ordered printed; offered 01/09/19 19102407D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581339.8(n/a)See Bill Text
632527(n/a)See Bill Text

Virginia State Sources


Bill Comments

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