Menu
2024 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Aird
Child Tax Credit (language only)

Item 0 #17s

Item 0 #17s

Revenues
Revenues

Language

Page 1, strike line 25 and insert:"  

Official Revenue Estimate

$27,494,336,852

$29,019,902,918

$56,514,289,770

"



Explanation

(This amendment reduces general fund revenue by $627.0 million for a state Child Tax Credit, as a placeholder, pursuant to legislation authorized by the 2024 General Assembly. This would be a refundable $500 credit per child under the age of 18 for Virginia households making up to $100,000 adjusted gross income. The actual revenue impact is to be determined.)