VirginiaIncome tax, state; energy-efficient homes tax credits.
What it does
Income tax; energy-efficient homes tax credits. Authorizes a nonrefundable income tax credit, during taxable years 2026 through 2030, in an amount equal to $2,500 for the construction of an energy-efficient home or $1,000 for the purchase of such home. The bill also authorizes a nonrefundable income tax credit, during taxable years 2026 through 2030, in an amount equal to $5,000 for the construction of an extra-efficient home or $2,000 for the purchase of such home.
More detail
The bill clarifies that either an eligible contractor or an eligible purchaser, but not both, shall be able to claim the credit for any single energy-efficient or extra-efficient home, as applicable, and establishes a maximum credit amount that an eligible purchaser or eligible contractor may claim per taxable year of $250,000.
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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 18Left in FinanceLatest
- Feb 9Subcommittee recommends laying on the table (8-Y 3-N)
- Vote recorded Subcommittee recommends laying on the table. Result: pass.Lower
- Feb 9House subcommittee offered
- Feb 9House subcommittee offered
- Feb 6Assigned HFIN sub: Subcommittee #1Minor
- Feb 4Fiscal Impact statement From TAX (2/4/2026 1:33 pm)
- Feb 1Fiscal Impact statement From TAX (2/1/2026 3:19 pm)
- Feb 1House subcommittee offered
- Jan 13Referred to Committee on FinanceMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102953DIntroduced