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Bill

HB 2728

Child tax credit; imposition of tax, adjustments.

2025 Regular Session Introduced by Joe McNamara

Virginia bill adjusting child tax credit calculation and eligibility, with House Finance Committee reviewing fiscal and policy implications before committee action.

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WeVote Research Nonpartisan
Bill Summary · HB 2728

Legislative bill overview

HB 2728 proposes modifications to Virginia's child tax credit system, adjusting how the credit is calculated and potentially expanding or restructuring eligibility requirements. The bill has been referred to the House Finance Committee, which requested a formal tax impact statement before proceeding with deliberation.

Why is this important

Child tax credits directly affect household finances for families with dependent children and influence state tax revenue. The bill's adjustments could provide meaningful relief or burden to Virginia families depending on the specific credit modifications, while also affecting the state's fiscal position.

Potential points of contention

  • Fiscal impact: The tax impact statement suggests concerns about revenue implications; expanding credits costs the state budget while restricting them affects taxpayers
  • Eligibility scope: Changes to who qualifies for the credit could create winners and losers among different income brackets or family structures
  • Administrative complexity: Restructuring tax credits often requires updated systems and clear guidance, creating implementation challenges for both taxpayers and the Department of Taxation

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

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