Income tax, state; working family child care tax credit. (HB1047)

Introduced By

Del. Chris Peace (R-Mechanicsville) with support from co-patron Del. Rob Krupicka (D-Alexandria)

Progress

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

Description

Working family child care tax credit. Establishes, beginning with the 2015 taxable year, an individual income tax credit for child-care expenses incurred during the year by a parent or legal guardian for a child age six years or younger enrolled for at least 11 months during the year in a child-care program participating in the Virginia Star Quality Initiative. The child-care program would be required to have at least a Star 1-level rating from the Virginia Star Quality Initiative. The credit would equal $100 per eligible child, not to exceed $300 for the taxable year for any parent or legal guardian. Credit would not be allowed to any single individual whose Virginia adjusted gross income for the taxable year was in excess of $65,000 or to married individuals whose Virginia adjusted gross income for the taxable year was in excess of $90,000. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2014Prefiled and ordered printed; offered 01/08/14 14103601D
01/08/2014Referred to Committee on Finance
01/28/2014Assigned Finance sub: Subcommittee #3
01/30/2014Impact statement from TAX (HB1047)
01/31/2014Subcommittee recommends continuing to 2015
02/03/2014Continued to 2015 in Finance
12/04/2014Left in Finance