HB2639
Income tax, state; creates alternative schooling and public school tax credits.
Summary
As Introduced. Income tax; alternative schooling and public school tax credits.
Creates an alternative schooling tax credit as a refundable income tax credit for taxable years 2025 through 2029, for up to $5,000 in qualifying expenses, defined in the bill, incurred by the parent or legal guardian of an eligible student in home education or attending a private school. If the ... (More) taxpayer's family Virginia adjusted gross income does not exceed 300 percent of federal poverty guidelines, the taxpayer may claim an additional $2,500 refundable tax credit. (Less)-
Bill History
- 01/13/2025 - House: Presented and ordered printed 25102334D
- 01/13/2025 - House: Referred to Committee on Finance
- 01/24/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/25/2025 - House: Placed on Finance Agenda
- 01/26/2025 - House: Impact statement from TAX (HB2639)
- 01/28/2025 - House: Subcommittee recommends reporting with amendment(s) (2-Y 4-N)
- 01/28/2025 - House: Subcommittee failed to recommend reporting (3-Y 4-N)
- 02/04/2025 - House: Left in Finance
