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2014 SESSION

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HB 950 Income tax, state; home instruction and private school tax credit.

Introduced by: Dave A. LaRock | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Home school instruction and private school tax credit. Creates an individual income tax credit beginning January 1, 2014, for amounts paid by the parent or legal guardian of a child for the child's home instruction expenses or expenses for attending an accredited private school. Credit would be allowed for instruction-related materials, courses or programs used in the home instruction, or private school tuition. The credit would be available to the parents and legal guardians of children who did not attend private school or were not home schooled in the previous year. The credit would equal the lesser of the actual amount of such expenses paid during the year or one-half of the average state spending per student based on the most recent Annual School Report. The credit would be available for two years per child and could be carried forward for four taxable years.


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