# Virginia HB1701: Income tax; housing opportunity tax credit; sunset extended.

Virginia HB1701, Income tax; housing opportunity tax credit; sunset extended., is a 2025 Regular Session House bill sponsored by David L. Bulova (Democratic); status failed, last action 2025-02-11 (Passed by indefinitely in Finance and Appropriations (15-Y 0-N)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-HB1701-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB1701
- State: Virginia
- Session: 2025 Regular Session
- Title: Income tax; housing opportunity tax credit; sunset extended.
- Status: failed
- Chamber: House
- Introduced: 2025-01-04
- Last action: 2025-02-11, Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
- Sponsor: David L. Bulova (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 5 (159 yes, 4 no in all)
- Economic provisions PRIA read: 0

## Summary

Income tax; housing opportunity tax credit; sunset extended. Extends the housing opportunity tax credit sunset date from taxable year 2025 to taxable year 2030. The bill also increases the aggregate credit cap across all calendar years from $255 million to $595 billion and imposes an annual aggregate credit cap of $68 million in each calendar year between 2026 and 2030. The bill also provides that of the $68 million in credits authorized per calendar year from 2026 through 2030, 33 percent shall be reserved for qualified projects located in a geographic area within the Balance of State Pool, defined in the bill. As introduced, this bill was a recommendation of the Virginia Housing Commission.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: David L. Bulova (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-02-11 | Senate | Passed by indefinitely in Finance and Appropriations | pass | 15 | 0 |   |
| 2025-02-04 | House | Read third time and passed House | pass | 94 | 3 |   |
| 2025-01-31 | House | Reported from Appropriations with amendment(s) | pass | 22 | 0 |   |
| 2025-01-22 | House | Reported from Finance and referred to Appropriations | pass | 21 | 1 |   |
| 2025-01-21 | House | Subcommittee recommends reporting and referred to Appropriations | pass | 7 | 0 | 1 |

## Actions (18)

- 2025-02-11: Passed by indefinitely in Finance and Appropriations (15-Y 0-N) (Senate)
- 2025-02-08: Impact statement from TAX (HB1701) (House)
- 2025-02-05: Referred to Committee on Finance and Appropriations (Senate)
- 2025-02-05: Constitutional reading dispensed (on 1st reading) (Senate)
- 2025-02-04: Read third time and passed House (94-Y 3-N) (House)
- 2025-02-03: Printed as engrossed 25100868D-E (House)
- 2025-02-03: Engrossed by House as amended (House)
- 2025-02-03: Appropriations Amendment agreed to (House)
- 2025-02-03: Read second time (House)
- 2025-02-02: Read first time (House)
- 2025-01-31: Reported from Appropriations with amendment(s) (22-Y 0-N) (House)
- 2025-01-23: Assigned Approps sub: Commerce Agriculture & Natural Resources (House)
- 2025-01-22: Reported from Finance and referred to Appropriations (21-Y 1-N) (House)
- 2025-01-21: Subcommittee recommends reporting and referred to Appropriations (7-Y 0-N 1-A) (House)
- 2025-01-20: Assigned Finance sub: Subcommittee #2 (House)
- 2025-01-16: Impact statement from TAX (HB1701) (House)
- 2025-01-04: Referred to Committee on Finance (House)
- 2025-01-04: Prefiled and ordered printed; Offered 01-08-2025 25100868D (House)

## Bill text

- Engrossed, 2025-02-03: [HTML](https://lis.blob.core.windows.net/files/1037980.HTML), [PDF](https://lis.blob.core.windows.net/files/1037979.PDF)
- Amendment, 2025-01-31: [HTML](https://lis.blob.core.windows.net/files/1037794.HTML)
- Introduced, 2025-01-04: [HTML](https://lis.blob.core.windows.net/files/1012712.HTML), [PDF](https://lis.blob.core.windows.net/files/1012711.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Engrossed (HTML)](https://lis.blob.core.windows.net/files/1037980.HTML)
- [Engrossed (PDF)](https://lis.blob.core.windows.net/files/1037979.PDF)
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1037794.HTML)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1012712.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1012711.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB1701-2025 (as of 2026-10-17).