Income tax, state; creates a nonrefundable tax credit for family caregivers. (HB291)

Introduced By

Del. Sam Rasoul (D-Roanoke) with support from 19 copatrons, whose average partisan position is:

Those copatrons are Del. John Avoli (R-Staunton), Del. Jeff Campbell (R-Marion), Del. Betsy Carr (D-Richmond), Del. Nadarius Clark (D-Portsmouth), Del. Eileen Filler-Corn (D-Fairfax Station), Del. Kelly Fowler (D-Virginia Beach), Del. Jackie Glass (D-Norfolk), Del. Wendy Gooditis (D-Clarke), Del. Patrick Hope (D-Arlington), Del. Clinton Jenkins (D-Suffolk), Del. Candi King (D-Woodbridge), Del. Kaye Kory (D-Falls Church), Del. Michelle Maldonado (D-Manassas), Del. Ken Plum (D-Reston), Irene Shin (D-Herndon), Del. Shelly Simonds (D-Newport News), Del. Suhas Subramanyam (D-Sterling), Del. Vivian Watts (D-Annandale), Sen. Jennifer Boysko (D-Herndon)

Progress

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

Description

Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2022 through 2026 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. In order to qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 for an individual or $200,000 for married persons. The bill requires the Tax Commissioner to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued. The bill is a recommendation of the Joint Commission on Health Care. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103853D
01/11/2022Referred to Committee on Finance
01/19/2022Assigned Finance sub: Subcommittee #1
01/23/2022Impact statement from TAX (HB291)
01/24/2022Subcommittee recommends reporting with amendments (8-Y 0-N)
01/24/2022Subcommittee recommends referring to Committee on Appropriations
01/24/2022House subcommittee amendments and substitutes offered
01/26/2022House committee, floor amendments and substitutes offered
01/26/2022Committee substitute printed 22105086D-H1
01/26/2022Reported from Finance with substitute (20-Y 2-N) (see vote tally)
01/26/2022Referred to Committee on Appropriations
01/27/2022Impact statement from TAX (HB291H1)
02/15/2022Left in Appropriations

Duplicate Bills

The following bills are identical to this one: SB266.

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