HB 504

Virginia House of Delegates bill in Session 2026.

Status: introduced. Latest action: February 11, 2026.

Income tax, state; tax credit for certain small businesses.

Bill ID VA-2026-HB-504
Session 2026
Status introduced
Committee Finance
House of Delegates introduced 2026-02-11
Business / Commerce Tax / Budget / Appropriations
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.

Sponsor
McAuliff
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-12 Introduced Bill introduced
2026-01-12 Status introduced
2026-02-11 Latest Action H Continued to next session in Finance (Voice Vote)
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