Public Comments for 01/27/2025 Finance - Subcommittee #3
HB1562 - Income tax deduction; tips.
HB1598 - First-time Homebuyer Grant Program; established.
HB1717 - Earned income tax credit.
Kids raised in safe, stable, and nurturing relationships and environments are more likely to enjoy good physical and mental health and succeed academically and socially. We know that when families have what they need, when they need it, in their own communities, without stigma before they find themselves in crisis – we can begin to imagine a Commonwealth where all parents are supported and a world where child abuse and neglect can be prevented. Prevention services and supports, such as the child tax credit, are critical for families and communities. Ensuring that families have sufficient resources to meet their needs, buffer against economic shocks, and avoid more intrusive engagement with child protective services is possible when economic and concrete supports, including the Child Tax Credit, are in place. CTC as a Prevention Strategy When strategies to build protective factors are available to families, such as access to high-quality childcare, economic support, and family-friendly workplace policies, the incidence of child abuse and neglect can be dramatically reduced, particularly in the face of key risk factors. These policies have a ripple effect – lowering the risk of abuse and neglect among children, keeping families together, and preventing unnecessary involvement in the child welfare system, which is costly and often further traumatizing for children and their families. Economic supports including tax strategies like the Earned Income Tax Credit and the Child Tax Credit can be instrumental in preventing child abuse and neglect and involvement with child welfare: o Research shows that for every additional $1,000 per person in poverty that states spent on benefit programs, such as housing and childcare assistance and refundable Earned Income Tax Credit, per person living in poverty, there was a 4% reduction in child abuse and neglect reports, a 2% reduction in foster care placements and about an 8% reduction in abuse-related child fatalities. (Puls) o EITC and CTC payments are associated with immediate reductions in state-level child maltreatment reports, each additional $1,000 in per-child EITC and CTC refunds is associated with a decline in state-level child maltreatment reports of: 2.3% in the week of payment and 7.7% in the 4 weeks after payment (Kovski) The compounded economic burdens that many families today face and the preponderance of evidence we now have, create an urgency for advancing economic and concrete supports as a key child abuse and neglect prevention strategy at the state level.
HB1754 - Income tax; imposition of tax and standard deduction.
HB1755 - Sales and use tax on services and digital personal property.
TechNet's comments on HB 1755 are attached.
HB1965 - Income tax, state; deduction for tips and overtime compensation.
HB2180 - Child tax credit; Virginia adjusted gross income.
Hi! I am Sarah Kelley, a proud member of IATSE 487 since 2020 and I urge you to SUPPORT of HB2180, both for the Film tax incentives and for the child tax credit, both of which are extremely important. There are hundreds of us creative, craft people in Virginia who would love to stay in Virginia AND, believe it or not, do the work we love, however when there isn't film work here, we are forced to either go to other states like Georgia or Louisiana (both great states, but not home) or compromise our skills to work menial, unfulfilling jobs because our 'representatives' refuse to even entertain the idea of bringing Film Tax incentives to Virginia. Why is it that our skills, working behind the scenes to bring (probably) the MOST consumed medium in the world to its viewers are not valued here? This is an industry that provides jobs for the creative, problem solving, crafts people and visionaries who want to share their work, dedication and Imagination to the world. Not only does it bring fulfilling work to us crafts people, but it floods the city with business, bringing awareness to Richmond as a place of culture and creativity. Local businesses all receive the benefits of films and TV productions taking place here. Not only that but, these productions also create a very unique situation where people from all economic backgrounds have a chance to meet, form friendships and work together. Productions become a rare opportunity where locals meet Actors and Actresses, Designers and Producers, Production Assistants and First Assistant Directors. And of course it's interesting and exciting for the people of Richmond to know that down the street one of their favorite Actors or Directors is staying in an airbnb and that they have a very good chance of running into them at the local cafe. Please support this bill!
My name is Scott Inge. Like the others I am a Virginia resident and I support HB2108. I started in the film industry 37 years ago. In 1988 the crew base for incoming films was extremely small. Today, in 2025 we have a huge variety of crew people from new recruits right out of VCU's film program to seasoned professionals covering every facet of the industry. Both young and old, new and veteran film crew rely on incoming projects for our livelihood. The motion picture industry is not a hobby or side hustle for us. It's our full time career. I urge you, please support HB2108. Time and time again film projects end up in our neighbor states due to more competitive tax credits. This cannot wait another year. I appreciate you taking the time to read through these heart felt words from Virginia's film crew looking for your support of HB2108. Thank You!
Kids raised in safe, stable, and nurturing relationships and environments are more likely to enjoy good physical and mental health and succeed academically and socially. We know that when families have what they need, when they need it, in their own communities, without stigma before they find themselves in crisis – we can begin to imagine a Commonwealth where all parents are supported and a world where child abuse and neglect can be prevented. Prevention services and supports, such as the child tax credit, are critical for families and communities. Ensuring that families have sufficient resources to meet their needs, buffer against economic shocks, and avoid more intrusive engagement with child protective services is possible when economic and concrete supports, including the Child Tax Credit, are in place. CTC as a Prevention Strategy When strategies to build protective factors are available to families, such as access to high-quality childcare, economic support, and family-friendly workplace policies, the incidence of child abuse and neglect can be dramatically reduced, particularly in the face of key risk factors. These policies have a ripple effect – lowering the risk of abuse and neglect among children, keeping families together, and preventing unnecessary involvement in the child welfare system, which is costly and often further traumatizing for children and their families. Economic supports including tax strategies like the Earned Income Tax Credit and the Child Tax Credit can be instrumental in preventing child abuse and neglect and involvement with child welfare: o Research shows that for every additional $1,000 per person in poverty that states spent on benefit programs, such as housing and childcare assistance and refundable Earned Income Tax Credit, per person living in poverty, there was a 4% reduction in child abuse and neglect reports, a 2% reduction in foster care placements and about an 8% reduction in abuse-related child fatalities. (Puls) o EITC and CTC payments are associated with immediate reductions in state-level child maltreatment reports, each additional $1,000 in per-child EITC and CTC refunds is associated with a decline in state-level child maltreatment reports of: 2.3% in the week of payment and 7.7% in the 4 weeks after payment (Kovski) The compounded economic burdens that many families today face and the preponderance of evidence we now have, create an urgency for advancing economic and concrete supports as a key child abuse and neglect prevention strategy at the state level.
I am writing to you regarding my support of SB 251 and HB771. I am a professional SAG-AFTRA actress and I live in McLean, VA. I love living in Northern Virginia and I have many actor friends that live in the area as well. The film industry is our livelihood and this bill gets Virginia’s incentive in line with the average for states in the South and Mid-Atlantic. Many jobs are being filmed in Georgia and other southern states, and unfortunately we often have to travel to these states to have Union work. Virginia has amazing landscapes, buildings, and talent here and we would love to have more of this work locally. Please help by supporting this bill to bring more tax incentives and work to Virginia so our industry can thrive and grow! - Kelly
HB2333 - Income tax, state; establishes a new bracket beginning on and after January 1, 2025.
Kids raised in safe, stable, and nurturing relationships and environments are more likely to enjoy good physical and mental health and succeed academically and socially. We know that when families have what they need, when they need it, in their own communities, without stigma before they find themselves in crisis – we can begin to imagine a Commonwealth where all parents are supported and a world where child abuse and neglect can be prevented. Prevention services and supports, such as the child tax credit, are critical for families and communities. Ensuring that families have sufficient resources to meet their needs, buffer against economic shocks, and avoid more intrusive engagement with child protective services is possible when economic and concrete supports, including the Child Tax Credit, are in place. CTC as a Prevention Strategy When strategies to build protective factors are available to families, such as access to high-quality childcare, economic support, and family-friendly workplace policies, the incidence of child abuse and neglect can be dramatically reduced, particularly in the face of key risk factors. These policies have a ripple effect – lowering the risk of abuse and neglect among children, keeping families together, and preventing unnecessary involvement in the child welfare system, which is costly and often further traumatizing for children and their families. Economic supports including tax strategies like the Earned Income Tax Credit and the Child Tax Credit can be instrumental in preventing child abuse and neglect and involvement with child welfare: o Research shows that for every additional $1,000 per person in poverty that states spent on benefit programs, such as housing and childcare assistance and refundable Earned Income Tax Credit, per person living in poverty, there was a 4% reduction in child abuse and neglect reports, a 2% reduction in foster care placements and about an 8% reduction in abuse-related child fatalities. (Puls) o EITC and CTC payments are associated with immediate reductions in state-level child maltreatment reports, each additional $1,000 in per-child EITC and CTC refunds is associated with a decline in state-level child maltreatment reports of: 2.3% in the week of payment and 7.7% in the 4 weeks after payment (Kovski) The compounded economic burdens that many families today face and the preponderance of evidence we now have, create an urgency for advancing economic and concrete supports as a key child abuse and neglect prevention strategy at the state level.
HB1551 - Income tax, state; removes sunset on elevated standard deduction amounts, etc.