# Virginia HB504: Income tax, state; tax credit for certain small businesses.

Virginia HB504, Income tax, state; tax credit for certain small businesses., is a 2027 Regular Session House bill sponsored by John Chilton McAuliff (Democratic); status in committee, last action 2026-07-21 (Continued from last session) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-HB504-2027
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB504
- State: Virginia
- Session: 2027 Regular Session
- Title: Income tax, state; tax credit for certain small businesses.
- Status: in committee
- Chamber: House
- Introduced: 2026-01-12
- Last action: 2026-07-21, Continued from last session
- Sponsor: John Chilton McAuliff (Democratic)
- Cosponsors: 0
- Subjects: Subcommittee #1
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: John Chilton McAuliff (Democratic), House

## Actions (7)

- 2026-07-21: Continued from last session (House)
- 2026-02-11: Continued to 2027 in Finance (Voice Vote) (House)
- 2026-02-09: Subcommittee recommends continuing to 2028 (Voice Vote) (House)
- 2026-02-08: Fiscal Impact statement From TAX (2/8/2026 1:29 pm) (House)
- 2026-02-05: Assigned HFIN sub: Subcommittee #1 (House)
- 2026-01-12: Referred to Committee on Finance (House)
- 2026-01-12: Prefiled and ordered printed; Offered 01-14-2026 26103087D (House)

## Bill text

- Introduced, 2026-01-12: [HTML](https://lis.blob.core.windows.net/files/1230099.HTML), [PDF](https://lis.blob.core.windows.net/files/1230098.PDF)

## Related bills

- SB844: Licensed clinical psychologists; prescriptive authority; report. (in committee)
- HB1535: Individuals with developmental or intellectual disabilities; admissibility of statements. (introduced)
- HB1534: School service providers; deletion of student and family personal information. (introduced)
- SB843: Data centers; state permitting, local approval, moratorium, sunset. (in committee)
- SB842: High school student athletes; eligibility, enrollment. (in committee)
- SB840: Corrections, Director of the Department of; placement of inmates, Red Onion State Prison. (in committee)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1230099.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1230098.PDF)

## Related
- [SB844: Licensed clinical psychologists; prescriptive authority; report.](https://policyrisk.com/state-bill/VA-SB844-2027)
- [HB1535: Individuals with developmental or intellectual disabilities; admissibility of s…](https://policyrisk.com/state-bill/VA-HB1535-2027)
- [HB1534: School service providers; deletion of student and family personal information.](https://policyrisk.com/state-bill/VA-HB1534-2027)
- [SB843: Data centers; state permitting, local approval, moratorium, sunset.](https://policyrisk.com/state-bill/VA-SB843-2027)
- [SB842: High school student athletes; eligibility, enrollment.](https://policyrisk.com/state-bill/VA-SB842-2027)
- [SB840: Corrections, Director of the Department of; placement of inmates, Red Onion Sta…](https://policyrisk.com/state-bill/VA-SB840-2027)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB504-2027 (as of 2026-10-11).