Bill Commons

VA HB 504

Status unknown

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

Virginia · 2026 Regular Session · lower

Quick answers

Did VA HB 504 pass?

The current status of VA HB 504 is not known from the official record. Latest recorded action (2026-02-11): Continued to next session in Finance (Voice Vote)

What is VA HB 504 about?

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.

Who sponsors VA HB 504?

John Chilton McAuliff is the primary sponsor of VA HB 504.

Description

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.

Introduced
2026-01-12
Latest action
2026-02-11 — Continued to next session in Finance (Voice Vote)
Bill type
bill
Last updated
—

Sponsors

  • John Chilton McAuliffprimary

Committees

Not provided by source.

Action timeline

  1. 2026-01-12

    Prefiled and ordered printed; Offered 01-14-2026 26103087D

    filing,introduction

  2. 2026-01-12

    Referred to Committee on Finance

    referral-committee

  3. 2026-02-05

    Assigned HFIN sub: Subcommittee #1

    referral-committee

  4. 2026-02-08

    Fiscal Impact statement From TAX (2/8/2026 1:29 pm)

  5. 2026-02-09

    Subcommittee recommends continuing to (Voice Vote)

  6. 2026-02-11

    Continued to next session in Finance (Voice Vote)

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://lis.virginia.gov/bill-details/20261/HB504

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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 504. 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.

See the methodology page for data sources and limitations.