State Government / Virginia / Legislation / HB 504
Source-provided 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.
Latest development · Jul 21, 2026
Continued from last session
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Primary sponsors are listed before cosponsors and other sponsoring entities.
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Continued from last session
Continued to next session in Finance (Voice Vote)
Subcommittee recommends continuing to (Voice Vote)
Fiscal Impact statement From TAX (2/8/2026 1:29 pm)
Assigned HFIN sub: Subcommittee #1
Referred to Committee on Finance
Prefiled and ordered printed; Offered 01-14-2026 26103087D
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