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HB 1412

Child day-care facility investment and child day-care expense reimbursement; income tax credits.

2026 Regular Session Introduced by Tony Wilt

Virginia bill creating income tax credits for child day-care facility investments and family day-care expenses to improve affordability and facility development.

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Bill Summary · HB 1412

Legislative bill overview

HB 1412 proposes tax credits for Virginia taxpayers to offset child day-care facility investments and child day-care expenses. The bill aims to incentivize both the development of day-care infrastructure and make child care more affordable for working families through income tax relief mechanisms.

Why is this important

Child care costs represent a significant financial burden for many Virginia families, often competing with housing and education as major household expenses. By reducing these costs through tax credits, the bill could improve workforce participation, particularly among secondary earners, while potentially stimulating investment in day-care facility development to address capacity shortages in some regions.

Potential points of contention

  • Fiscal cost and revenue impact: Tax credits reduce state revenue; the fiscal impact statement suggests meaningful cost to the state budget, which may be controversial during budget constraints
  • Equity and access: Tax credits primarily benefit taxpayers with sufficient liability; lower-income families who need day care most may see minimal benefit if they have little tax liability
  • Targeted incentives: Questions about whether facility investment credits effectively increase supply in underserved areas or primarily benefit existing providers in profitable markets

Compiled from official sources — confirm details with the bill’s official record.

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