VA SB 747
Status unknownIncome tax, state; first-time homebuyer tax credit.
Virginia · 2026 Regular Session · upper
Quick answers
Did VA SB 747 pass?
The current status of VA SB 747 is not known from the official record. Latest recorded action (2026-01-28): Continued to next session in Finance and Appropriations (10-Y 4-N)
What is VA SB 747 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 the purchase of a principal residence by a first-time homebuyer, as such terms are defined in the bill, in an amount equal to $5,000. The bill requires that any credits be repaid if the principal residence is sold or no longer serves as the first-time homebuyer's principal residence within three years from the purchase date of such property.
Who sponsors VA SB 747?
Todd E. Pillion is the primary sponsor of VA SB 747.
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 the purchase of a principal residence by a first-time homebuyer, as such terms are defined in the bill, in an amount equal to $5,000. The bill requires that any credits be repaid if the principal residence is sold or no longer serves as the first-time homebuyer's principal residence within three years from the purchase date of such property.
- Introduced
- 2026-01-19
- Latest action
- 2026-01-28 — Continued to next session in Finance and Appropriations (10-Y 4-N)
- Bill type
- bill
- Last updated
- —
Sponsors
- Todd E. Pillionprimary
Committees
Not provided by source.
Action timeline
2026-01-19
Presented and ordered printed 26105180D
introduction
2026-01-19
Referred to Committee on Finance and Appropriations
referral-committee
2026-01-26
Fiscal Impact statement From TAX (1/26/2026 11:04 pm)
2026-01-28
Continued to next session in Finance and Appropriations (10-Y 4-N)
Versions
Documents
Votes
Continued to next session in Finance and Appropriations
2026-01-28 · pass · 10-4
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: 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
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
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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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