# Virginia HB2514: Income tax, state; tax credit for eligible small business advertising in local newspapers and media.

Virginia HB2514, Income tax, state; tax credit for eligible small business advertising in local newspapers and media., is a 2025 Regular Session House bill sponsored by Alfonso H. Lopez (Democratic); status failed, last action 2025-02-04 (Left in Finance) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-HB2514-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB2514
- State: Virginia
- Session: 2025 Regular Session
- Title: Income tax, state; tax credit for eligible small business advertising in local newspapers and media.
- Status: failed
- Chamber: House
- Introduced: 2025-01-08
- Last action: 2025-02-04, Left in Finance
- Sponsor: Alfonso H. Lopez (Democratic)
- Cosponsors: 0
- Subjects: Subcommittee #2
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Income tax credit; advertising in local newspapers and media. Creates, for taxable years 2025 through 2029, a nonrefundable income tax credit for eligible small businesses with fewer than 50 employees for certain expenses incurred for local media advertising in a local newspaper or in a broadcast of a local radio or television station. The credit is equal to (i) for the first taxable year in which the credit is claimed, the lesser of 80 percent of the actual amounts paid or incurred for qualified local media advertising expenses or $4,000 and (ii) in subsequent taxable years, the lesser of 50 percent of the actual amounts paid or incurred for qualified local media advertising expenses during such taxable year or $2,000. The credit includes an aggregate cap of $10 million per taxable year.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Alfonso H. Lopez (Democratic), House

## Actions (5)

- 2025-02-04: Left in Finance (House)
- 2025-01-24: Impact statement from TAX (HB2514) (House)
- 2025-01-24: Assigned Finance sub: Subcommittee #2 (House)
- 2025-01-08: Referred to Committee on Finance (House)
- 2025-01-08: Prefiled and ordered printed; Offered 01-08-2025 25102644D (House)

## Bill text

- Substitute, 2025-01-28: [HTML](https://lis.blob.core.windows.net/files/1032261.HTML), [PDF](https://lis.blob.core.windows.net/files/1032260.PDF)
- Introduced, 2025-01-08: [HTML](https://lis.blob.core.windows.net/files/1016667.HTML), [PDF](https://lis.blob.core.windows.net/files/1016666.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
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1032261.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1032260.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1016667.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1016666.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-HB2514-2025 (as of 2026-10-17).