Virginia bills · 2026 Regular Session
Virginia HB 946
Income tax, state; affordable rental housing tax credit.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Lily V. Franklin
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Income tax credit; affordable rental housing tax credit. Establishes a nonrefundable tax credit for taxable years 2026 through 2030 for eligible landlords equal to $750 per affordable dwelling unit, as certified by the Department of Housing and Community Development. The bill limits the (i) total amount of such credits available to an eligible landlord to $15,000 per taxable year and (ii) aggregate amount of such 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 7, 2026 · House
Fiscal Impact statement From TAX (2/7/2026 7:40 pm) - Feb 5, 2026 · House
Assigned HFIN sub: Subcommittee #1 - Jan 13, 2026 · House
Referred to Committee on Finance - Jan 13, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26102758D