2023 Regular SessionVirginia Legislature

HB1653: Income tax, state; eligible low-income taxpayers to claim a refundable tax credit.

Legislative Summary

Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

1/8/2023
Prefiled and ordered printed; offered 01/11/23 23101746D
House of Delegates
1/8/2023
Referred to Committee on Finance
House of Delegates
1/19/2023
Assigned Finance sub: Subcommittee #1
House of Delegates
1/23/2023
Subcommittee recommends laying on the table (5-Y 3-N)
House of Delegates
2/7/2023
Left in Finance
House of Delegates

Roll Call Votes

House: Subcommittee recommends laying on the table (5-Y 3-N)
1/23/2023
5
Yea
3
Nay
0
Not Voting
0
Absent
Result: PASSED