Virginia bills · 2026 Regular Session
Virginia HB 1210
Income tax, state; subtraction for long-term capital gains from sale of principal residence.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Briana D. Sewell (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Individual income tax subtraction; long-term capital gains from sale of principal residence. Provides an individual income tax subtraction in taxable years 2025 through 2029 for income that is (i) taxed as a long-term capital gain for federal income tax purposes, (ii) attributable to the sale of property that served as the taxpayer's principal residence for at least two of the five years preceding such sale, and (iii) in excess of federal limitations only allowing an exclusion from gross income for up to $250,000, or $500,000, for joint filers, of gain from such a sale.
Text versions
Roll-call votes
State vote data last updated Oct 16, 2026, 4:04 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Feb 2, 2026 House | Subcommittee recommends laying on the table | pass | Set your home in Virginia to see |
Actions
- Feb 18, 2026 · House
Left in Finance - Feb 2, 2026 · House
Subcommittee recommends laying on the table (7-Y 3-N) - Jan 22, 2026 · House
Fiscal Impact statement From TAX (1/22/2026 6:12 pm) - Jan 14, 2026 · House
Referred to Committee on Finance - Jan 14, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26104794D