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.

1995 SESSION

• history | hilite | pdf | print version

LD9731492
HOUSE BILL NO. 1805 Offered January 19, 1995 A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.2, creating tax credits for certain parents. ---------- Patrons--Woodrum and DeBoer ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.2 as follows:

§ 58.1-339.2. Tax credit for certain parents.

For taxable years beginning on or after January 1, 1995, any individual shall be allowed a credit of twenty-five dollars against the tax imposed pursuant to § 58.1-320, provided the following requirements are satisfied: (i) the adjusted gross income on a joint return does not exceed $50,000; (ii) one spouse remains in the home specifically to raise the child or children; (iii) there is at least one child below the age of sixteen who resides permanently with the stay-at-home spouse; and (iv) in the year for which the credit is sought, the stay-at-home spouse is not a Virginia unemployment insurance benefits recipient, a workers' compensation benefits recipient, an "aid to dependent children" recipient as defined in § 63.1-87, or a "general assistance recipient" as defined in § 51 of the Internal Revenue Code.