HB 504STATE · VirginiaIntroduced

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

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.

Voted: 7/21/2026Source

How representatives voted

0 yea·0 nay

No roll-call votes recorded for this bill yet.