Commending Major General Timothy P. Williams,VNG.
Sponsored bills
Public high schools; personnel; college andcareer specialist required. Requires each school board to employat least one college and career specialist, as defined in the bill,in each public high school in the local school division. The billprovides that each such individual shall be employed in additionto and not as a replacement for the required school counselor positions,specialized student support positions, or support services positions.
Commending John Ray Grisham, Jr.
Commending the Honorable Dr. Luke E. Torian.
Commending Margaret L. Sanner.
First-time homebuyer tax credit. Createsa tax credit for taxable years 2024 through 2028 for individualsor married couples filing jointly who sell residential real propertythat is the taxpayer's primary residence and is located in the Commonwealthto a first-time homebuyer, as defined by the bill. Such credit willbe equal to two percent of the sales price of the property, not toexceed $5,000.
Grounds for divorce; cruelty, abuse, desertion,or abandonment; waiting period. Eliminates the one-year waitingperiod for a divorce to be decreed on the grounds of cruelty, reasonableapprehension of bodily hurt, or willful desertion or abandonment.
Income tax credit; adaptive repurposing of underutilized structures. Creates a nonrefundable income tax credit in taxableyears 2024 through 2028 for eligible expenses, defined in the bill,incurred in converting office buildings to residential uses. Thecredit may be claimed only in the year during which a qualified convertedbuilding, defined in the bill, is placed into service and is equalto (i) 20 percent or (ii) 30 percent in an at-risk locality, definedin the bill, of the amount of eligible expenses incurred. No singletaxpayer may claim more than $2.5 million in credits in any singletaxable year and the credit is subject to an aggregate annual capof $30 million.
Income tax subtraction; professional firefighterpension. Establishes an income tax subtraction for up to $20,000of firefighter benefits in taxable year 2024, up to $30,000 in taxableyear 2025, and up to $40,000 in taxable year 2026 and each year thereafter.The bill defines firefighter benefits to include retirement incomerelated to firefighting services and benefits paid to the survivingspouse of a firefighter whose death occurred in the line of duty.
Sales tax exemption; certain baby products.Creates a retail sales and use tax exemption for certain baby products,including (i) children's diapers, (ii) therapeutic or preventativecreams and wipes marketed primarily for use on the skin of children,(iii) child restraint devices or booster seats, (iv) cribs, and (v)strollers meant for transporting children, usually from infancy to36 months of age.