High school equivalency; creates tax credit. (HB1933)

Introduced By

Del. Chris Runion (R-Bridgewater) with support from co-patron Del. Ellen Campbell (R-Rockbridge)

Description

High school equivalency and employment tax credit. Creates a tax credit for taxable years 2023 through 2027 in the amount of $1,000 per year for eligible taxpayers who have successfully earned a high school equivalency certificate. The bill specifies that the eligible taxpayer shall, within one year of earning such certificate, be employed full time within the Commonwealth in order to claim the credit and that the credit may be claimed for up to three years following the taxpayer's eligibility, provided that such taxpayer remains employed full time within the Commonwealth. The bill provides that such credit will be limited to 250 eligible individuals per fiscal year. Read the Bill »

Outcome

History