Virginia House Bill 1234

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Eligible educator income tax deduction; home school instruction income tax credit. Increases from $500 to $1,500 for tax years 2024 through 2026 the amount of income tax deduction certain eligible educators may deduct for qualifying expenses. The bill also creates a nonrefundable tax credit for taxable years 2024 through 2028 for amounts paid by an individual or married couple filing jointly for their child receiving home instruction for (i) instruction-related materials, including textbooks, workbooks, and supplies, or (ii) courses or programs used in home instruction. The bill provides that the credit equals the lesser of the amount actually paid during the year for such costs or $3,000.

Eligible educators; increases tax deduction, creates home school instruction income tax credit.

Del. Mark Earley [R]	Del. Mike Cherry [R]	Del. Chad Green [R]	Del. Ian Lovejoy [R]
Del. David Owen [R]	Del. Wendell Walker [R]

2024-02-05 - House - House: Subcommittee recommends laying on the table (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2024-02-13	House	Left in Finance
2024-02-05	House	Subcommittee recommends laying on the table (5-Y 3-N)
2024-01-25	House	Assigned Finance sub: Subcommittee #1
2024-01-10	House	Referred to Committee on Finance
2024-01-10	House	Prefiled and ordered printed; offered 01/10/24 24104996D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322.03	(n/a)	See Bill Text
58	1	339.15	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1234
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1234+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/24107053A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB1234F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H1001V0028+HB1234