Low-income taxpayer tax credit. (HB1772)
Introduced By
Del. Ken Plum (D-Reston) with support from co-patrons Del. Paul Krizek (D-Alexandria), Del. Joe Lindsey (D-Norfolk), Del. Sam Rasoul (D-Roanoke), Del. Marcus Simon (D-Falls Church), and Del. Rip Sullivan (D-Arlington)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Low-income taxpayer tax credit. Allows low-income individuals and married persons to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed by the individual or married persons for the year in lieu of the current options available for claiming the credit. Under current law, low-income individuals and married persons may claim (i) a nonrefundable income tax credit equal to $300 for each of the individual, his spouse, and any dependents or (ii) a nonrefundable income tax credit equal to 20 percent of the federal earned income tax credit claimed by the individual or married persons for the year. The provisions of the bill apply to taxable years beginning on and after January 1, 2017. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/09/2017 | Committee |
| 01/09/2017 | Prefiled and ordered printed; offered 01/11/17 17101546D |
| 01/09/2017 | Referred to Committee on Finance |
| 01/19/2017 | Impact statement from TAX (HB1772) |
| 01/20/2017 | Assigned Finance sub: Subcommittee #2 |
| 01/25/2017 | Subcommittee recommends laying on the table |
| 02/07/2017 | Left in Finance |