Income tax, state; creates child tax credit.

Summary

The bill adds a refundable credit to Virginia individual income tax returns for each qualifying child, equal to the amount of the federal child tax credit, for tax years 2027 through 2031. Taxpayers can claim only one credit per child, which can reduce their tax bill or result in a refund. The measure is intended to give families tax relief during that period.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share