SB236

Virginia SB236 proposes a refundable tax credit for married couples and unmarried individuals for eligible births and stillborn births.

Virginia SB236 introduces a refundable tax credit for eligible births and stillborn births. Married couples can claim a credit of $2,000 per eligible birth, while unmarried individuals can claim $1,000 per stillborn birth. The credit is available for births occurring between January 1, 2026, and January 1, 2031. The credit is refundable if it exceeds the taxpayer's liability, and the Tax Commissioner will develop guidelines for claiming the credit.