Virginia Senate Bill 419 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 in Finance and Appropriations (11-Y 4-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons.

Family caregiver; creates a nonrefundable income tax credit for taxable years 2024 through 2028.

Sen. Chris Head [R]

Sen. Jennifer Boysko [D]

Sen. Suhas Subramanyam [D]

2024-02-07 - Senate - Senate: Continued to 2025 in Finance and Appropriations (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-02-07	Senate	Continued to 2025 in Finance and Appropriations (11-Y 4-N)
2024-01-09	Senate	Referred to Committee on Finance and Appropriations
2024-01-09	Senate	Prefiled and ordered printed; offered 01/10/24 24104631D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.15	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB419
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB419+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB419F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+S05V0216+SB0419