HB 2305 Virginia House of Delegates · 2025 Regular Session

Income tax, state; eligible conception tax credit.

Summary

Income tax; eligible conception tax credit. Allows, in taxable years 2025 through 2029, a refundable income tax credit for an individual or married individuals whose family Virginia adjusted gross income does not exceed 400 percent of the poverty guidelines, defined in the bill, in an amount equal to $250 per eligible conception, also defined in the bill, during such taxable year.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Feb 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → HFIN Sub: Subcommittee #2 Substitute · 3 edits

MINOR

The bill text was converted from an introduced version to a House Finance Subcommittee substitute version. The substantive policy content remains the same, but new subsections F and G were added to address residency and source of income limitations for taxpayers who are non-residents or have income from out-of-state sources.

Scope change

The bill's scope was expanded to include provisions for non-resident taxpayers and those with income from sources outside Virginia, limiting the credit based on their residency period or Virginia-source income.

REQUIREMENT

Added subsection F to limit the credit for non-resident taxpayers based on the portion of the year they lived in Virginia.

Added subsection G to limit the credit for taxpayers with income from sources outside Virginia based on the proportion of income earned in Virginia.

TECHNICAL

Changed the document header from 'Introduced' to 'Amendment in the Nature of a Substitute' with updated dates and committee information.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 24, 2025

Committee

Assigned Finance sub: Subcommittee #2

lower

Jan 8, 2025

Committee

Referred to Committee on Finance

lower

1 primary · 0 co-sponsors