Bill > HB784

Introduced Session

Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years 2022 through 2026, for amounts paid by the parent or legal guardian of a child for the child's home instruction expenses or tuition for attending an accredited private school in Virginia. The credit shall equal the lesser of the amount actually paid in the taxable year for such costs or half of the average state standards of quality funding per student per year. The credit may be taken for instruction-related materials, courses, or programs used in home instruction or for private school tuition. The credit is available for two years per child and can be carried forward for five taxable years.

AI Summary

Committee Categories

David LaRock (R)*,  G. John Avoli (R),  Ronnie Campbell (R),  Mike Cherry (R),  Nicholas Freitas (R),  Phillip Scott (R),  Wendell Walker (R),  Michael Webert (R),  Wren Williams (R), 

Left in Finance (on 02/15/2022)

Official Document