Virginia bills · 2026 Regular Session
Virginia SB 696
Income tax, corporate; reduction of rate.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Emily M. Jordan (Republican)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Corporate income tax rate; reduction. Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.
Text versions
Roll-call votes
State vote data last updated Oct 16, 2026, 4:38 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Jan 28, 2026 Senate | Passed by indefinitely in Finance and Appropriations | pass | Set your home in Virginia to see |
Actions
- Jan 28, 2026 · Senate
Passed by indefinitely in Finance and Appropriations (9-Y 4-N) - Jan 26, 2026 · Senate
Fiscal Impact statement From TAX (1/26/2026 10:52 am) - Jan 14, 2026 · Senate
Referred to Committee on Finance and Appropriations - Jan 14, 2026 · Senate
Prefiled and ordered printed; Offered 01-14-2026 26103137D