Virginia · 2025 Regular Session · Bill
HB 1962: Income tax, state; creates nonfamily adoption tax credit.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1962 is a bill introduced in the Virginia House on January 6, 2025. According to its official title, it concerns: Income tax, state; creates nonfamily adoption tax credit. Primary sponsor: Anne Ferrell Tata (Republican). Most recent recorded action (February 4, 2025): Left in Finance.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Income tax; nonfamily adoption tax credit. Creates the nonfamily adoption tax credit as a $4,000 nonrefundable tax credit for taxable years 2025 through 2029 for an individual or married persons who, during the taxable year, finalize a legal nonfamily adoption as defined in the bill. The bill limits the aggregate amount of credits allowable to $5 million per taxable year with credits allocated by the Department of Taxation on a first-come, first-served basis.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Anne Ferrell Tata | Primary sponsor | Republican | House | 99 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Finance
- Subcommittee recommends laying on the table (5-Y 2-N)
- Assigned Finance sub: Subcommittee #2
- Impact statement from TAX (HB1962)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-13-2025 25102547D