Bill Commons

VA SB 696

Status unknown

Income tax, corporate; reduction of rate.

Virginia · 2026 Regular Session · upper

Quick answers

Did VA SB 696 pass?

The current status of VA SB 696 is not known from the official record. Latest recorded action (2026-01-28): Passed by indefinitely in Finance and Appropriations (9-Y 4-N)

What is VA SB 696 about?

Corporate income tax rate; reduction. Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.

Who sponsors VA SB 696?

Emily M. Jordan is the primary sponsor of VA SB 696.

Description

Corporate income tax rate; reduction. Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.

Introduced
2026-01-14
Latest action
2026-01-28 — Passed by indefinitely in Finance and Appropriations (9-Y 4-N)
Bill type
bill
Last updated
—

Sponsors

  • Emily M. Jordanprimary

Committees

Not provided by source.

Action timeline

  1. 2026-01-14

    Prefiled and ordered printed; Offered 01-14-2026 26103137D

    filing,introduction

  2. 2026-01-14

    Referred to Committee on Finance and Appropriations

    referral-committee

  3. 2026-01-26

    Fiscal Impact statement From TAX (1/26/2026 10:52 am)

  4. 2026-01-28

    Passed by indefinitely in Finance and Appropriations (9-Y 4-N)

    deferral

Versions

Documents

Votes

  • Passed by indefinitely in Finance and Appropriations

    2026-01-28 · pass · 9-4

    Member-level votes (15)
    • L. Louise Lucas: yes
    • R. Creigh Deeds: yes
    • Mamie E. Locke: yes
    • David W. Marsden: not voting
    • Adam P. Ebbin: yes
    • Ryan T. McDougle: no
    • Mark D. Obenshain: no
    • Richard H. Stuart: no
    • Bryce E. Reeves: not voting
    • Barbara A. Favola: yes
    • Scott A. Surovell: yes
    • Jeremy S. McPike: yes
    • Jennifer B. Boysko: yes
    • Todd E. Pillion: no
    • Aaron R. Rouse: yes

Related bills

No related bills recorded for this bill.

Official source

https://lis.virginia.gov/bill-details/20261/SB696

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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Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

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