Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB189: Income tax, state; education tax credits.
Chief Patron
Sen.
Stephen Martin (R-11)
Stephen Martin
(R-11)
Served: 1994–
Progress
 |
Introduced |
 |
Passed Committee |
|
Passed House |
|
Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Education tax credits. Allows individuals and businesses to claim a tax credit on their Virginia income tax return for contributions to Department of Taxation-approved nonprofit foundations that provide financial assistance to public schools for capital projects or provide scholarships to students in the Commonwealth. The total amount of credits available in any given year is capped at $50 million. In addition, an individual taxpayer may claim a credit for $800, or $1,200 if filing jointly, for education expenses paid for a dependent who is a student. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
