VirginiaHB9462026 Regular SessionHouse

Income tax, state; affordable rental housing tax credit.

Sponsored By: Lily V. Franklin (Democratic)

In Committee

Summary

Income tax credit; affordable rental housing tax credit. Establishes a nonrefundable tax credit for taxable years 2026 through 2030 for eligible landlords equal to $750 per affordable dwelling unit, as certified by the Department of Housing and Community Development. The bill limits the (i) total amount of such credits available to an eligible landlord to $15,000 per taxable year and (ii) aggregate amount of such credits claimed to $5 million per taxable year.

Subcommittee #1

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lily V. Franklin

    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 (2/7/2026 7:40 pm)

    2/7/2026House
  4. Assigned HFIN sub: Subcommittee #1

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

    1/13/2026House
  6. Prefiled and ordered printed; Offered 01-14-2026 26102758D

    1/13/2026House

Bill Text

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