HB 403 VA

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Introduced

Income tax credits; child care-related expenses. Establishes in taxable years 2026 through 2030 (i) a refundable tax credit in an amount equal to 20 percent of the credit claimed by a qualified taxpayer, as defined in the bill, pursuant to the federal Employer-Provided Childcare Credit, and (ii) a refundable tax credit equal to 50 percent of an employer's qualified child care expenditures, as defined in the bill. The bill directs that the aggregate amount of credit for an employer's qualified child care expenditures shall not exceed $500,000 per taxable year and such amount shall be adjusted annually for inflation.

• David A. Reid Democratic · primary

1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26101204D · lower
2. Jan 12, 2026 Referred to Committee on Finance · lower
3. Jan 31, 2026 Fiscal Impact statement From TAX (1/31/2026 3:31 pm) · lower
4. Feb 2, 2026 Subcommittee recommends laying on the table (7-Y 2-N) · lower
5. Feb 18, 2026 Left in Finance · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced · PDF
• Introduced · HTML