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VA HB1412
Bill
Status
Introduced
1/22/2026
Primary Sponsor
Tony Wilt
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AI Summary
- Reinstates and expands tax credits for employers who invest in child day-care facilities or reimburse employees for child care expenses, effective January 1, 2027
- Doubles the maximum tax credit from $25,000 to $50,000 for expenditures on planning, construction, renovation, or acquisition of child day-care facilities for employees' children
- Creates a new 25% tax credit (up to $50,000) for employers who directly pay or reimburse eligible child day-care expenses for their employees' dependent minors
- Increases the annual fiscal cap on approved credits from $100,000 to $5 million per year
- Unused credits may be carried forward for up to three taxable years; employers cannot claim both the facility investment and expense reimbursement credits in the same year
Legislative Description
Child day-care facility investment and child day-care expense reimbursement; income tax credits.
Last Action
Left in Finance
2/18/2026
Committee Referrals
Finance1/22/2026
Full Bill Text
No bill text available