Income tax, state; qualifying educational expenses tax credit. (HB420)
Introduced By
Del. Bob Marshall (R-Manassas)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Amends § 58.1-339.12, of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
History
- 01/04/2008 Committee
- 01/04/2008 Prefiled and ordered printed; offered 01/09/08 082839616
- 01/04/2008 Referred to Committee on Finance
- 01/15/2008 Assigned Finance sub: 3
- 01/19/2008 Impact statement from TAX (HB420)
- 02/12/2008 Left in Finance