Virginia bills · 2026 Regular Session
Virginia HB 504
Income tax, state; tax credit for certain small businesses.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- John Chilton McAuliff
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Income tax; tax credit for certain small businesses. Establishes a one-time, nonrefundable tax credit for taxable years 2026 through 2030 for eligible small businesses, as defined in the bill, equal to $2,500. The bill limits the total aggregate amount of small business credits claimed to $5 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 8, 2026 · House
Fiscal Impact statement From TAX (2/8/2026 1:29 pm) - Feb 5, 2026 · House
Assigned HFIN sub: Subcommittee #1 - Jan 12, 2026 · House
Referred to Committee on Finance - Jan 12, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26103087D