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

Virginia SB452, Commonwealth Savers Plan; ImABLE accounts established, tax treatment., is a 2027 Regular Session Senate bill sponsored by Emily M. Jordan (Republican); status in committee, last action 2026-07-21 (Continued from last session) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-SB452-2027
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB452
- State: Virginia
- Session: 2027 Regular Session
- Title: Commonwealth Savers Plan; ImABLE accounts established, tax treatment.
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-13
- Last action: 2026-07-21, Continued from last session
- Sponsor: Emily M. Jordan (Republican)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- 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

## Actions (5)

- 2026-07-21: Continued from last session (Senate)
- 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/1230651.HTML), [PDF](https://lis.blob.core.windows.net/files/1230650.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/1230651.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1230650.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)
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- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB452-2027 (as of 2026-10-11).