HB1004
Income tax, state; creates child tax credit.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (7-Y 3-N)
Chief Patron:
Kathy Tran (D)
Session:
2026 Regular Session
Summary
As Introduced. Child tax credit; Virginia adjusted gross income.
Creates a one-time tax credit in taxable years 2026 through 2030 for taxpayers whose households include dependents younger than 13 years of age and whose family Virginia adjusted gross income, defined in the bill, does not exceed $100,000. Such credit shall be in an amount equal to $300 for each ... (More) such dependent and only one credit may be claimed for each such dependent. The bill provides that if the taxpayer is a resident of the Commonwealth for the full taxable year, the credit is refundable. Otherwise, the credit is nonrefundable. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26103480D
- 01/14/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Fiscal Impact statement From TAX (2/1/2026 10:58 am)
- 02/01/2026 - House: Placed on Finance Agenda
- 02/02/2026 - House: Subcommittee recommends laying on the table (7-Y 3-N)
