# Virginia SB452: Commonwealth Savers Plan; ImABLE accounts established, tax treatment.

Virginia SB452, Commonwealth Savers Plan; ImABLE accounts established, tax treatment., is a 2026 Regular Session Senate bill sponsored by Emily M. Jordan (Republican); status in committee, last action 2026-02-03 (Continued to 2027 in Finance and Appropriations (15-Y 0-N)) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-SB452-2026
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB452
- State: Virginia
- Session: 2026 Regular Session
- Title: Commonwealth Savers Plan; ImABLE accounts established, tax treatment.
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-13
- Last action: 2026-02-03, Continued to 2027 in Finance and Appropriations (15-Y 0-N)
- Sponsor: Emily M. Jordan (Republican)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 1 (15 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Commonwealth Savers Plan; ImABLE accounts established; tax treatment. Provides a process whereby eligible individuals, defined in the bill, may establish ImABLE savings accounts, defined in the bill, with the Commonwealth Savers Plan. Payments and contributions, up to limits defined in the bill, to such accounts are made on an after-tax basis, distributions are generally exempt from income taxes, collections, and withdrawal penalties, and such accounts shall not be used as a factor in employment classifications. The bill authorizes the Commonwealth Savers Plan to adopt emergency regulations to implement the provisions of the bill. The bill also establishes the Virginia ImABLE Fund and Grant Program to award competitive grants to businesses, nonprofit organizations, and localities for projects that assist eligible individuals with support expenses, as defined in the bill.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Emily M. Jordan (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-03 | Senate | Continued to 2027 in Finance and Appropriations | pass | 15 | 0 |   |

## Actions (4)

- 2026-02-03: Continued to 2027 in Finance and Appropriations (15-Y 0-N) (Senate)
- 2026-01-29: Fiscal Impact Statement from Department of Planning and Budget (SB452) (Senate)
- 2026-01-13: Referred to Committee on Finance and Appropriations (Senate)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26103164D (Senate)

## Bill text

- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1090356.HTML), [PDF](https://lis.blob.core.windows.net/files/1090355.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1090356.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1090355.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB452-2026 (as of 2026-10-11).