VA HB1275 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years 2024 through 2028 for amounts paid by the parent or legal guardian of a child for the child's home instruction expenses or tuition for attending an accredited private school in Virginia. The bill provides that a taxpayer shall be allowed a credit up to $2,500 that is equal to the lesser of the amount actually paid in the taxable year for such costs or half of the average state standards of quality funding per student per year. The bill provides that the credit may be taken for instruction-related materials, courses, or programs used in home instruction or for private school tuition. The bill provides that the credit is available for two years per child and can be carried forward for five taxable years.
Title
Home instruction and private school tax; creates an individual, nonrefundable income tax credit.
Sponsors
Roll Calls
2024-01-29 - House - House: Subcommittee recommends laying on the table (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-13 | House | Left in Finance |
| 2024-01-29 | 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 24103583D |
