Bill Commons

VA HB 946

Status unknown

Income tax, state; affordable rental housing tax credit.

Virginia · 2026 Regular Session · lower

Quick answers

Did VA HB 946 pass?

The current status of VA HB 946 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 946 about?

Income tax credit; affordable rental housing tax credit. Establishes a nonrefundable tax credit for taxable years 2026 through 2030 for eligible landlords equal to $750 per affordable dwelling unit, as certified by the Department of Housing and Community Development. The bill limits the (i) total amount of such credits available to an eligible landlord to $15,000 per taxable year and (ii) aggregate amount of such credits claimed to $5 million per taxable year.

Who sponsors VA HB 946?

Lily V. Franklin is the primary sponsor of VA HB 946.

Description

Income tax credit; affordable rental housing tax credit. Establishes a nonrefundable tax credit for taxable years 2026 through 2030 for eligible landlords equal to $750 per affordable dwelling unit, as certified by the Department of Housing and Community Development. The bill limits the (i) total amount of such credits available to an eligible landlord to $15,000 per taxable year and (ii) aggregate amount of such credits claimed to $5 million per taxable year.

Introduced
2026-01-13
Latest action
2026-02-11 — Continued to next session in Finance (Voice Vote)
Bill type
bill
Last updated
—

Sponsors

  • Lily V. Franklinprimary

Committees

Not provided by source.

Action timeline

  1. 2026-01-13

    Prefiled and ordered printed; Offered 01-14-2026 26102758D

    filing,introduction

  2. 2026-01-13

    Referred to Committee on Finance

    referral-committee

  3. 2026-02-05

    Assigned HFIN sub: Subcommittee #1

    referral-committee

  4. 2026-02-07

    Fiscal Impact statement From TAX (2/7/2026 7:40 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/HB946

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

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