Virginia · 2025 Regular Session · Bill
SB 1488: Income tax, state; creates family caregiver 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 1488 is a bill introduced in the Virginia Senate on January 17, 2025. According to its official title, it concerns: Income tax, state; creates family caregiver tax credit. Primary sponsor: Luther Cifers (Republican). Most recent recorded action (January 28, 2025): Passed by indefinitely in Finance and Appropriations (10-Y 5-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; family caregiver tax credit. Creates a nonrefundable family caregiver tax credit for taxable years 2025 through 2029 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activities of daily living, also defined in the bill. The credit equals 50 percent of eligible expenditures incurred by the caregiver up to $1,000. To qualify for the credit, the family caregiver must (i) not receive any compensation or reimbursement for the eligible expenditures and (ii) have federal adjusted gross income that is no greater than $100,000 or, if such family caregiver is married and filing jointly, shall have federal adjusted gross income of no greater than $200,000. The bill requires the Tax Commissioner to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Luther Cifers | Primary sponsor | Republican | Senate | 10 |
“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 5-N)
- Impact statement from TAX (SB1488)
- Referred to Committee on Finance and Appropriations
- Presented and ordered printed 25101939D