VirginiaIncome tax, corporate and state; credit for braille labeling program.
What it does
Income tax credit; braille labeling program. Creates a nonrefundable individual and corporate income tax credit, as applicable, for taxable years 2026 through 2030 for up to $50,000 of expenditures incurred in the development and implementation of a braille labeling program on products, items, or packages sold in or shipped within the Commonwealth. The bill specifies that the aggregate amount of such credits allowed for all taxpayers in a taxable year is $500,000 and that any credit not usable for the taxable year in which it is first allowed shall not be carried over for credit in any succeeding taxable year.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 10Left in AppropriationsLatest
- Feb 25Referred from Finance and referred to Appropriations (21-Y 0-N)Minor
- Vote recorded Referred from Finance. Result: pass.Lower
- Feb 18Fiscal Impact statement From TAX (2/18/2026 6:14 pm)
- Feb 3Referred to Committee on FinanceMinor
- Feb 3Read first timeMinor
- Feb 3Placed on Calendar
- Jan 23Read third time and passed Senate (39-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Jan 22Engrossed by Senate - committee substituteMajor
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Jan 22Finance and Appropriations Substitute agreed to
- Jan 22Read second timeMinor
- Jan 21Read first timeMinor
- Jan 20Committee substitute printed 26105724D-S1Major
- Vote recorded Reported from Finance and Appropriations with substitute. Result: pass.Upper
- Jan 20Reported from Finance and Appropriations with substitute (14-Y 0-N)Minor
- Jan 20Senate subcommittee offered
- Jan 17Fiscal Impact statement From TAX (1/17/2026 9:54 am)
- 2025
- Dec 31Referred to Committee on Finance and AppropriationsMinor
- Dec 31Prefiled and ordered printed; Offered 01-14-2026 26100740DIntroduced