SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1998 SESSION
HB 1347 Child care income tax credit.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY:
Child care income tax credit. Provides a tax credit for individual taxpayers who incur eligible child care expenditures for dependent children under age 13. The credit is not available to taxpayers with incomes exceeding $150,000. The maximum amount of the credit for one child is $600, and for two or more children is $1,200. The percentage of the credit is based on the taxpayer's highest marginal income tax rate. For a taxpayer with a Virginia taxable income of $28,000 or less, the percentage of the credit is twice his highest marginal income tax rate; for a taxpayer whose income exceeds $60,000, the percentage is equal to his highest marginal income tax rate.
FULL TEXT
HISTORY
- 01/26/98 House: Presented & ordered printed 983308204
- 01/26/98 House: Referred to Committee on Finance
- 01/29/98 House: Assigned to Finance sub-committee: 2
- 02/18/98 House: No action taken by Finance by voice vote