# Virginia SB747: Income tax, state; first-time homebuyer tax credit.

Virginia SB747, Income tax, state; first-time homebuyer tax credit., is a 2026 Regular Session Senate bill sponsored by Todd E. Pillion (Republican); status in committee, last action 2026-01-28 (Continued to 2027 in Finance and Appropriations (10-Y 4-N)) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-SB747-2026
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB747
- State: Virginia
- Session: 2026 Regular Session
- Title: Income tax, state; first-time homebuyer tax credit.
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-19
- Last action: 2026-01-28, Continued to 2027 in Finance and Appropriations (10-Y 4-N)
- Sponsor: Todd E. Pillion (Republican)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 1 (10 yes, 4 no in all)
- Economic provisions PRIA read: 0

## Summary

Individual income tax; first-time homebuyer tax credit. Creates a one-time, nonrefundable individual income tax credit in taxable years 2026 through 2030 for the purchase of a principal residence by a first-time homebuyer, as such terms are defined in the bill, in an amount equal to $5,000. The bill requires that any credits be repaid if the principal residence is sold or no longer serves as the first-time homebuyer's principal residence within three years from the purchase date of such property.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Todd E. Pillion (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-01-28 | Senate | Continued to 2027 in Finance and Appropriations | pass | 10 | 4 |   |

## Actions (4)

- 2026-01-28: Continued to 2027 in Finance and Appropriations (10-Y 4-N) (Senate)
- 2026-01-26: Fiscal Impact statement From TAX (1/26/2026 11:04 pm) (Senate)
- 2026-01-19: Referred to Committee on Finance and Appropriations (Senate)
- 2026-01-19: Presented and ordered printed 26105180D (Senate)

## Bill text

- Introduced, 2026-01-19: [HTML](https://lis.blob.core.windows.net/files/1092278.HTML), [PDF](https://lis.blob.core.windows.net/files/1092277.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/1092278.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1092277.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)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/VA-SB747-2026 (as of 2026-10-11).