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.

2020 SPECIAL SESSION I

• | print version

HB 5129 Income tax, state; tax credit for pandemic-related education expenses.

Introduced by: John J. McGuire, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax credit for pandemic-related education expenses. Establishes a refundable income tax credit for taxable years 2020 and 2021 for pandemic-related education expenses incurred and paid between August 1, 2020, and July 31, 2021, due to the closure of a primary or secondary school or such school not offering in-classroom education as a result of the COVID-19 pandemic. The amount of the credit is 50 percent of expenses up to a maximum of $4,500. If the amount of the credit exceeds the taxpayer's tax liability for the taxable year in which the pandemic-related education expenses were incurred and paid, such excess shall be refunded to the taxpayer. The taxpayer must verify his eligible pandemic-related education expenses when claiming the credit pursuant to guidelines promulgated by the Department of Taxation.

FULL TEXT

• 08/25/20  House: Presented and ordered printed 20200578D  pdf | impact statement

HISTORY

• 08/25/20  House: Presented and ordered printed 20200578D
• 08/25/20  House: Referred to Committee on Finance
• 11/09/20  House: Left in Finance