VA HB 1210
Status unknownIncome tax, state; subtraction for long-term capital gains from sale of principal residence.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 1210 pass?
The current status of VA HB 1210 is not known from the official record. Latest recorded action (2026-02-18): Left in Finance
What is VA HB 1210 about?
Individual income tax subtraction; long-term capital gains from sale of principal residence. Provides an individual income tax subtraction in taxable years 2025 through 2029 for income that is (i) taxed as a long-term capital gain for federal income tax purposes, (ii) attributable to the sale of property that served as the taxpayer's principal residence for at least two of the five years preceding such sale, and (iii) in excess of federal limitations only allowing an exclusion from gross income for up to $250,000, or $500,000, for joint filers, of gain from such a sale.
Who sponsors VA HB 1210?
Briana D. Sewell is the primary sponsor of VA HB 1210.
Description
Individual income tax subtraction; long-term capital gains from sale of principal residence. Provides an individual income tax subtraction in taxable years 2025 through 2029 for income that is (i) taxed as a long-term capital gain for federal income tax purposes, (ii) attributable to the sale of property that served as the taxpayer's principal residence for at least two of the five years preceding such sale, and (iii) in excess of federal limitations only allowing an exclusion from gross income for up to $250,000, or $500,000, for joint filers, of gain from such a sale.
- Introduced
- 2026-01-14
- Latest action
- 2026-02-18 — Left in Finance
- Bill type
- bill
- Last updated
- —
Sponsors
- Briana D. Sewellprimary
Committees
Not provided by source.
Action timeline
2026-01-14
Prefiled and ordered printed; Offered 01-14-2026 26104794D
filing,introduction
2026-01-14
Referred to Committee on Finance
referral-committee
2026-01-22
Fiscal Impact statement From TAX (1/22/2026 6:12 pm)
2026-02-02
Subcommittee recommends laying on the table (7-Y 3-N)
2026-02-18
Left in Finance
Versions
Documents
Votes
Subcommittee recommends laying on the table
2026-02-02 · pass · 7-3
Member-level votes (11)
- Phil M. Hernandez: yes
- Bonita G. Anthony: not voting
- Katrina Callsen: yes
- Debra D. Gardner: yes
- Michelle Lopes Maldonado: yes
- Kimberly Pope Adams: yes
- Gretchen M. Bulova: yes
- Hyland F. "Buddy" Fowler, Jr.: no
- Joseph P. McNamara: no
- Will Davis: no
- Vivian E. Watts: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
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