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VT H0249
Bill
Status
Introduced
2/18/2025
Primary Sponsor
Christoper Taylor
Click for details
AI Summary
- Creates a $1,000 Vermont income tax deduction for qualified expenses related to enrolling a dependent student in a home study program
- Qualified expenses include educational instruction, materials, equipment, software, and computer hardware required for use during the normal school day
- Applies to home study programs conducted pursuant to 16 V.S.A. § 166b, whether in person or through distance learning
- Student must be a dependent of the taxpayer under federal tax code (26 U.S.C. § 152) and not claimed as a dependent by another taxpayer
- Takes effect retroactively on January 1, 2025 for taxable years beginning on and after that date
Legislative Description
An act relating to an income tax deduction for home study programs
Last Action
Read first time and referred to the Committee on Ways and Means
2/18/2025
Committee Referrals
Ways and Means2/18/2025
Full Bill Text
No bill text available