HB420: Income tax, state; qualifying educational expenses tax credit.

Chief Patron

Del. Bob Marshall (R-13)

Bob Marshall (R-13)
Manassas, VA
Served: 1992–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Income tax; qualifying educational expenses tax credit.  Provides a tax credit for certain qualifying educational expenses paid for public and private elementary and secondary schools and home schooling, for taxable years beginning on and after January 1, 2008. The credit amount allowed to be claimed is the lesser of the amount actually paid or (i) $2,000 for home schooling, and (ii) $3,000 for public and private elementary and secondary schools.