VA SB 674
Status unknownIncome Tax, state; first-time homebuyer tax credit.
Virginia · 2026 Regular Session · upper
Quick answers
Did VA SB 674 pass?
The current status of VA SB 674 is not known from the official record. Latest recorded action (2026-01-28): Continued to next session in Finance and Appropriations (12-Y 2-N)
What is VA SB 674 about?
Individual income tax; first-time homebuyer tax credit. Creates a one-time, nonrefundable individual income tax credit in taxable years 2026 through 2030 for expenses incurred by a first-time homebuyer for the purchase of direct ownership in residential real property in an amount equal to five percent of the purchase price value of such property detailed on the purchase agreement up to $10,000. The bill requires that any credits be repaid in the event that the residential real property for which first-time homebuyer expenses were incurred and such credit was claimed is sold within three years from the purchase date of such property.
Who sponsors VA SB 674?
Aaron R. Rouse is the primary sponsor of VA SB 674.
Description
Individual income tax; first-time homebuyer tax credit. Creates a one-time, nonrefundable individual income tax credit in taxable years 2026 through 2030 for expenses incurred by a first-time homebuyer for the purchase of direct ownership in residential real property in an amount equal to five percent of the purchase price value of such property detailed on the purchase agreement up to $10,000. The bill requires that any credits be repaid in the event that the residential real property for which first-time homebuyer expenses were incurred and such credit was claimed is sold within three years from the purchase date of such property.
- Introduced
- 2026-01-14
- Latest action
- 2026-01-28 — Continued to next session in Finance and Appropriations (12-Y 2-N)
- Bill type
- bill
- Last updated
- —
Sponsors
- Aaron R. Rouseprimary
Committees
Not provided by source.
Action timeline
2026-01-14
Prefiled and ordered printed; Offered 01-14-2026 26100702D
filing,introduction
2026-01-14
Referred to Committee on Finance and Appropriations
referral-committee
2026-01-26
Fiscal Impact statement From TAX (1/26/2026 10:16 am)
2026-01-28
Continued to next session in Finance and Appropriations (12-Y 2-N)
Versions
Documents
Votes
Continued to next session in Finance and Appropriations
2026-01-28 · pass · 12-2
Member-level votes (15)
- L. Louise Lucas: yes
- R. Creigh Deeds: yes
- Mamie E. Locke: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Ryan T. McDougle: no
- Mark D. Obenshain: yes
- Richard H. Stuart: yes
- Bryce E. Reeves: not voting
- Barbara A. Favola: yes
- Scott A. Surovell: yes
- Jeremy S. McPike: yes
- Jennifer B. Boysko: yes
- Todd E. Pillion: yes
- Aaron R. Rouse: no
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=SB 674. 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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