SB1085
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
- 01/07/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25103372D
- 01/07/2025 - Senate: Referred to Committee on Finance and Appropriations
- 01/18/2025 - Senate: Impact statement from TAX (SB1085)
- 01/21/2025 - Senate: Stricken at request of Patron in Finance and Appropriations (14-Y 0-N)
