VA HB504 | 2027 | Regular Session
Note: Carry Over of previous HB504
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 12 2026 - 25% progression
Action: 2026-07-21 - Continued from last session
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2026 - 25% progression
Action: 2026-07-21 - Continued from last session
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
Income tax, state; tax credit for certain small businesses.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-07-21 | House | Continued from last session |
| 2026-02-11 | House | Continued to next session in Finance (Voice Vote) |
| 2026-02-09 | House | Subcommittee recommends continuing to (Voice Vote) |
| 2026-02-08 | House | Fiscal Impact statement From TAX (2/8/2026 1:29 pm) |
| 2026-02-05 | House | Assigned HFIN sub: Subcommittee #1 |
| 2026-01-12 | House | Referred to Committee on Finance |
| 2026-01-12 | House | Prefiled and ordered printed; Offered 01-14-2026 26103087D |
Same As/Similar To
HB504 (Carry Over) 2026-02-11 - Continued to next session in Finance (Voice Vote)
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/bill-details/20271/HB504 |
| Text | https://lis.virginia.gov/bill-details/20271/HB504/text/HB504 |
| Supplement | https://lis.blob.core.windows.net/files/1133843.PDF |
