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HB 1422

Virginia - Session 2026

House of Delegates failed 2026-02-18
Bill Details

Title: Solar energy equipment; establishes a nonrefundable income tax credit.

Summary

Tax credit; solar energy equipment. Establishes a nonrefundable income tax credit for taxable years 2026 through 2030 for individuals who incur allowable expenses, as defined in the bill, for the purchase and installation of solar energy equipment, also defined in the bill. An individual who properly claims this credit shall be allowed a credit in the amount of 15 percent of the cost of such equipment and allowable expenses, up to $1,000. The aggregate amount of credits allowable under the provisions of the bill shall not exceed $5 million per taxable year.

Sponsor
McGuire
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Status failed
2026-01-22 Introduced Bill introduced
2026-02-18 Latest Action H Left in Finance
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