VirginiaHB5042026 Regular SessionHouse

Income tax, state; tax credit for certain small businesses.

Sponsored By: John Chilton McAuliff (Democratic)

In Committee

Summary

Income tax; tax credit for certain small businesses. Establishes a one-time, nonrefundable tax credit for taxable years 2026 through 2030 for eligible small businesses, as defined in the bill, equal to $2,500. The bill limits the total aggregate amount of small business credits claimed to $5 million per taxable year.

Subcommittee #1

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • John Chilton McAuliff

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 0 • No: 0

House vote 2/11/2026

Continued to 2027 in Finance (Voice Vote)

Yes: 0 • No: 0

House vote 2/9/2026

Subcommittee recommends continuing to 2027 (Voice Vote)

Yes: 0 • No: 0

Actions Timeline

  1. Continued to 2027 in Finance (Voice Vote)

    2/11/2026House
  2. Subcommittee recommends continuing to 2027 (Voice Vote)

    2/9/2026House
  3. Fiscal Impact statement From TAX (2/8/2026 1:29 pm)

    2/8/2026House
  4. Assigned HFIN sub: Subcommittee #1

    2/5/2026House
  5. Referred to Committee on Finance

    1/12/2026House
  6. Prefiled and ordered printed; Offered 01-14-2026 26103087D

    1/12/2026House

Bill Text

Related Bills

Back to State Legislation