HB 1435 Virginia House of Delegates · 2020 Regular Session

Low-income taxpayers; refundable income tax credit.

Summary

Refundable income tax credit for low-incometaxpayers. Allows low-income individuals and married personsto claim either (i) a nonrefundable income tax credit equal to $300for each individual, his spouse, and any dependents or (ii) a refundableincome tax credit equal to 20 percent of the federal earned incometax credit claimed that year by the individual or married persons.The provisions of the bill apply to taxable years beginning on andafter January 1, 2020, but before January 1, 2026.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2020

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2020 Last action Feb 11, 2020

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 24, 2020

Lower · Passed

Subcommittee recommends laying on the table (6-Y 1-N)

lower

Jan 24, 2020

Lower · Passed

House committee, floor amendments and substitutes offered

lower

Jan 23, 2020

Committee

Assigned Finance sub: Subcommittee #3

lower

Jan 8, 2020

Committee

Referred to Committee on Finance

lower

Jan 8, 2020

Introduced

Prefiled and ordered printed; offered 01/08/20 20104026D

lower

1 primary · 2 co-sponsors