VirginiaHB25062025 Regular SessionHouse

Income tax, state; energy-efficient homes tax credits.

Sponsored By: Chris S. Runion (Republican)

Failed

Summary

Income tax; energy-efficient homes tax credits. Authorizes an eligible contractor, defined in the bill, or an eligible purchaser, also defined in the bill, to claim a nonrefundable income tax credit, during taxable years 2025 through 2029, in an amount equal to $2,000 per construction or purchase of a qualified new energy-efficient home and $4,000 per construction or purchase of a zero energy ready home, as those terms are defined in the bill. 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 qualified new energy-efficient or zero energy ready home, as applicable, and establishes a maximum credit amount that an eligible contractor may claim per taxable year of $500,000.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chris S. Runion

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 0 • No: 0

House vote • 1/28/2025

Subcommittee recommends incorporating into HB2086-Shin (Voice Vote)

Yes: 0 • No: 0

Actions Timeline

  1. Left in Finance

    2/4/2025House
  2. Subcommittee recommends incorporating into HB2086-Shin (Voice Vote)

    1/28/2025House
  3. Impact statement from TAX (HB2506)

    1/27/2025House
  4. Assigned Finance sub: Subcommittee #2

    1/24/2025House
  5. Referred to Committee on Finance

    1/8/2025House
  6. Prefiled and ordered printed; Offered 01-08-2025 25104389D

    1/8/2025House

Bill Text

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