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.
2024 SESSION
HB 1234 Eligible educators; increases tax deduction, creates home school instruction income tax credit.
Introduced by: Mark L. Earley, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Eligible educator income tax deduction; home school instruction income tax credit. Increases from $500 to $1,500 for tax years 2024 through 2026 the amount of income tax deduction certain eligible educators may deduct for qualifying expenses.
The bill also creates a nonrefundable tax credit for taxable years 2024 through 2028 for amounts paid by an individual or married couple filing jointly for their child receiving home instruction for (i) instruction-related materials, including textbooks, workbooks, and supplies, or (ii) courses or programs used in home instruction. The bill provides that the credit equals the lesser of the amount actually paid during the year for such costs or $3,000.
FULL TEXT
AMENDMENTS
HISTORY
- 01/10/24 House: Prefiled and ordered printed; offered 01/10/24 24104996D
- 01/10/24 House: Referred to Committee on Finance
- 01/25/24 House: Assigned Finance sub: Subcommittee #1
- 02/05/24 House: Subcommittee recommends laying on the table (5-Y 3-N)
- 02/13/24 House: Left in Finance