HB784:

Income tax, state; home instruction and private school tax credit.

Bill Summary:

Home instruction and private school tax credit.
Creates an individual, nonrefundable income tax credit for taxable
years 2022 through 2026, for amounts paid by the parent or legal
guardian of a child for the child's home instruction expenses or tuition
for attending an accredited private school in Virginia. The credit
shall equal the lesser of the amount actually paid in the taxable
year for such costs or half of the average state standards of quality
funding per student per year. The credit may be taken for instruction-related
materials, courses, or programs used in home instruction or for private
school tuition. The credit is available for two years per child and
can be carried forward for five taxable years.