VirginiaIncome tax, state; tax credit for certain small businesses.
What it does
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 11Continued to next session in Finance (Voice Vote)Latest
- Feb 9Subcommittee recommends continuing to (Voice Vote)
- Feb 8Fiscal Impact statement From TAX (2/8/2026 1:29 pm)
- Feb 5Assigned HFIN sub: Subcommittee #1Minor
- Jan 12Referred to Committee on FinanceMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26103087DIntroduced