Javascript is required to run this page

HB2160

Low-income taxpayers; refundable income tax credit.

Status:
Killed

Chief Patron:
Ken Plum (D)

Session:
2019 Regular Session

Summary

As Introduced. 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. (Less)

  • Bill History

  • 01/08/2019 - House: Prefiled and ordered printed; offered 01/09/19 19102407D
  • 01/08/2019 - House: Referred to Committee on Finance
  • 01/15/2019 - House: Impact statement from TAX (HB2160)
  • 01/28/2019 - House: Failed to report (defeated) in Finance (10-Y 12-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

See other bills related to: