Virginia - Session 2026
Title: Income tax, state; first-time homebuyer tax credit.
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.
Tracking state legislation? Support LegiList with a small contribution. Independent, ad-free, and built by one developer.
| Date | Event | Detail |
|---|---|---|
| 2026-01-19 | Introduced | Bill introduced |
| 2026-01-19 | Status | introduced |
| 2026-01-28 | Latest Action | S Continued to next session in Finance and Appropriations (10-Y 4-N) |
| Bill | Title | Status |
|---|---|---|
| HB 145 | Fantasy contests; regulation and taxation, civil penalty, repeals fantasy contests act. | enrolled |
| SB 129 | Fantasy contests; regulation and taxation, civil penalty, repeals fantasy contests act. | enrolled |
| SB 661 | Va. Small Business Economic Dev. Act; established, regulation and taxation of skill game machines. | enrolled |
| HB 242 | Public utilities; budget plan payment increases. | enrolled |
| HB 292 | Agricultural and forestal districts advisory committee; membership. | enrolled |
| HB 402 | Cottage food laws; sale of certain food over phone and internet, report. | enrolled |
| HB 1041 | DOC; powers and duties of Director, Virginia Prison Education Task Force established, report. | enrolled |
| HB 854 | Real property tax; local classification or designation for property, nonprofit organizations. | enrolled |