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HB 403

Virginia - Session 2026

House of Delegates failed 2026-02-18
Bill Details

Title: Income tax, state; credits for child care-related expenses.

Summary

Income tax credits; child care-related expenses. Establishes in taxable years 2026 through 2030 (i) a refundable tax credit in an amount equal to 20 percent of the credit claimed by a qualified taxpayer, as defined in the bill, pursuant to the federal Employer-Provided Childcare Credit, and (ii) a refundable tax credit equal to 50 percent of an employer's qualified child care expenditures, as defined in the bill. The bill directs that the aggregate amount of credit for an employer's qualified child care expenditures shall not exceed $500,000 per taxable year and such amount shall be adjusted annually for inflation.

Sponsor
Reid
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Status failed
2026-01-12 Introduced Bill introduced
2026-02-18 Latest Action H Left in Finance
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