VA HB 1461
Status unknownIncome tax, state & corporate; microchip & semiconductor manufacturing & supply chain tax credits.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 1461 pass?
The current status of VA HB 1461 is not known from the official record. Latest recorded action (2026-02-11): Tabled in Finance (19-Y 2-N)
What is VA HB 1461 about?
Microchip and semiconductor manufacturing and supply chain tax credits; Virginia Economic Development Partnership Authority evaluation; report. Creates a series of individual and corporate income tax credits for companies engaged in the microchip and semiconductor manufacturing and supply chain business that between January 1, 2026, and December 31, 2036, (i) invest at least $400 million, (ii) create at least 100 new jobs, (iii) pay an average prevailing wage salary, and (iv) submit a plan for use of and committing $50 million of community investments. The bill creates three refundable tax credits in taxable years 2026 through 2030 in amounts equal to (a) five percent of capital investment expenditures incurred during the year, (b) six percent of child care services expenditures incurred during the year, and (c) 7.5 percent of gross wages paid for each new job created during the year.
Who sponsors VA HB 1461?
Margaret A. Franklin is the primary sponsor of VA HB 1461.
Description
Microchip and semiconductor manufacturing and supply chain tax credits; Virginia Economic Development Partnership Authority evaluation; report. Creates a series of individual and corporate income tax credits for companies engaged in the microchip and semiconductor manufacturing and supply chain business that between January 1, 2026, and December 31, 2036, (i) invest at least $400 million, (ii) create at least 100 new jobs, (iii) pay an average prevailing wage salary, and (iv) submit a plan for use of and committing $50 million of community investments. The bill creates three refundable tax credits in taxable years 2026 through 2030 in amounts equal to (a) five percent of capital investment expenditures incurred during the year, (b) six percent of child care services expenditures incurred during the year, and (c) 7.5 percent of gross wages paid for each new job created during the year.
- Introduced
- 2026-01-23
- Latest action
- 2026-02-11 — Tabled in Finance (19-Y 2-N)
- Bill type
- bill
- Last updated
- —
Sponsors
- Margaret A. Franklinprimary
Committees
Not provided by source.
Action timeline
2026-01-23
Presented and ordered printed 26106032D
introduction
2026-01-23
Referred to Committee on Finance
referral-committee
2026-02-04
Fiscal Impact statement From TAX (2/4/2026 7:44 pm)
2026-02-05
Assigned HFIN sub: Subcommittee #1
referral-committee
2026-02-11
Tabled in Finance (19-Y 2-N)
deferral
Versions
Documents
Votes
Tabled in Finance
2026-02-11 · pass · 19-2
Member-level votes (22)
- Vivian E. Watts: yes
- Phil M. Hernandez: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Elizabeth B. Bennett-Parker: yes
- Bonita G. Anthony: yes
- Katrina Callsen: yes
- Debra D. Gardner: yes
- Karen Keys-Gamarra: yes
- Michelle Lopes Maldonado: no
- Kimberly Pope Adams: yes
- Nicole Cole: yes
- Stacey Annie Carroll: yes
- Lindsey Dougherty: yes
- Margaret A. Franklin: yes
- Gretchen M. Bulova: yes
- R. Lee Ware: yes
- Hyland F. "Buddy" Fowler, Jr.: not voting
- Joseph P. McNamara: yes
- Wendell S. Walker: yes
- Chris S. Runion: yes
- Thomas A. Garrett, Jr.: no
- Will Davis: 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:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=VA&identifier=HB 1461. See the API docs or the MCP server for AI assistants.
Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
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