Virginia · 2025 Regular Session · Bill
SB 1443: Income tax, state; establishes car 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
SB 1443 is a bill introduced in the Virginia Senate on January 17, 2025. According to its official title, it concerns: Income tax, state; establishes car tax credit. Primary sponsor: Tara Durant (Republican). Most recent recorded action (January 28, 2025): Passed by indefinitely in Finance and Appropriations (10-Y 4-N).
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; car tax credit. Establishes a refundable income tax credit for taxable years 2025 through 2027 for a taxpayer whose federal adjusted gross income does not exceed $50,000 if filing as an individual or $100,000 if married and filing jointly in an amount equal to the lesser of (i) the amount actually paid for tangible personal property tax to Virginia localities on qualifying vehicles, defined in the bill, or (ii) $150 for an individual or $300 for married individuals filing jointly. The bill provides that such credit shall not be allowed for such taxes paid to any locality that has, during the tax year for which such credit is claimed, imposed a tangible personal property tax rate upon qualifying vehicles at a rate that exceeds the rate imposed upon such vehicles by such locality during the 2024 tax year. Finally, the bill provides that if any provision of the bill is held to be invalid or unconstitutional by the decision of a court of competent jurisdiction, such provision shall not be deemed severable.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tara Durant | Primary sponsor | Republican | Senate | 27 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in Finance and Appropriations (10-Y 4-N)
- Impact statement from TAX (SB1443)
- Referred to Committee on Finance and Appropriations
- Presented and ordered printed 25105265D