Virginia bills · 2026 Regular Session
Virginia HB 1230
Income tax, state; sustainable aviation fuel production tax credit.
- 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
Income tax; sustainable aviation fuel production tax credit. Provides, for taxable years 2026 through 2030, a nonrefundable tax credit against individual and corporate income taxes for eligible producers of sustainable aviation fuel, as such terms are defined in the bill. The amount of the credit is the lesser of (i) $0.75 per gallon of sustainable aviation fuel produced in the taxable year or (ii) $5 million. The aggregate amount of credits allowable under this bill shall not exceed $20 million per taxable year.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2026 · House
Continued to next session in Finance (Voice Vote) - Feb 9, 2026 · House
Subcommittee recommends continuing to (Voice Vote) - Feb 9, 2026 · House
House subcommittee offered - Feb 7, 2026 · House
Fiscal Impact statement From TAX (2/7/2026 7:50 pm) - Feb 5, 2026 · House
Assigned HFIN sub: Subcommittee #1 - Jan 14, 2026 · House
Referred to Committee on Finance - Jan 14, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26105191D