Finance - Subcommittee #1 Subcommittee Agenda

Chair: Hernandez, Phil

Meeting Date & Time: 01/26/2026 Immediately upon adjournment of House Add to Calendar

Location: House Committee Room B - 205

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Additional Resource(s):

Active item: Meeting Adjourned

Video: Archived

Committee Clerk: 804-698-1947 - Vonny Powell, Clerk

DLS Contact: (804) 698 - 1863 - Rebecca Schultz, Attorney

Administrative Housekeeping

Bill(s) Patron Title
HB959 Watts Income tax, state; retirement income of certain federal employees.

Summary: A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to taxable income; subtractions; retirement income of certain federal employees.

Subcommittee recommends striking from the docket (10-Y 0-N)

Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis

Last actions:

  • 1/13/2026 - Prefiled and ordered printed; Offered 01-14-2026 26102461D
  • 1/13/2026 - Committee Referral Pending
  • 1/13/2026 - Referred to Committee on Finance
  • 1/23/2026 - Placed on Finance Agenda
  • 1/26/2026 - Subcommittee recommends striking from the docket (10-Y 0-N)

Subcommittee #1

Subcommittee recommends striking from the docket (10-Y 0-N)

Conformity

Bill(s) Patron Title
HB977 Watts Tax laws of the Commonwealth; conformity to the Internal Revenue Code.

Summary: A BILL to amend and reenact §§ 58.1-301, 58.1-322.03, 58.1-332, 58.1-390.3, and 58.1-402 of the Code of Virginia, relating to conformity of the tax laws of the Commonwealth to the Internal Revenue Code; taxation provisions; emergency.

Fiscal Impact

Last actions:

  • 1/28/2026 - Referred to Committee on Appropriations
  • 1/28/2026 - Reported and Referred by Committee
  • 1/28/2026 - Reported and Referred by Committee
  • 1/28/2026 - Reported and Referred by Committee
  • 1/29/2026 - Committee substitute printed 26106211D-H1

Subtractions/Deductions

Bill(s) Patron Title
HB47 Reid Income tax, state; subtractions, uniformed services and foreign service retirement benefits.

Summary: A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to income tax subtractions; uniformed services and foreign service retirement benefits.

Fiscal Impact

Subcommittee recommends laying on the table (8-Y 2-N)

Yeas (8): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler

Nays (2): McNamara, Davis

Last actions:

  • 12/29/2025 - Committee Referral Pending
  • 12/29/2025 - Referred to Committee on Finance
  • 1/18/2026 - Fiscal Impact statement From TAX (1/18/2026 4:32 pm)
  • 1/23/2026 - Placed on Finance Agenda
  • 1/26/2026 - Subcommittee recommends laying on the table (8-Y 2-N)

Subcommittee #1

Subcommittee recommends laying on the table (8-Y 2-N)

HB137 Feggans Income tax, state; increases current cap of military benefits that may be subtracted.

Summary: A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to individual income tax; subtractions; military benefits.

Fiscal Impact

Subcommittee recommends reporting with substitute and referring to Appropriations (10-Y 0-N)

Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis

Last actions:

  • 1/28/2026 - Reported and Referred by Committee
  • 1/28/2026 - Reported and Referred by Committee
  • 1/28/2026 - Reported and Referred by Committee
  • 1/28/2026 - Reported and Referred by Committee
  • 1/29/2026 - Referred to Committee on Appropriations

Subcommittee #1

Subcommittee recommends reporting with substitute and referring to Appropriations (10-Y 0-N)

HB1351 Leftwich Income tax, state; subtraction for retirement income of certain federal employees.

Summary: A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to income tax; subtraction; retirement income of certain federal employees.

Fiscal Impact

Subcommittee recommends laying on the table (8-Y 2-N)

Yeas (8): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler

Nays (2): McNamara, Davis

Last actions:

  • 1/19/2026 - Referred to Committee on Finance
  • 1/23/2026 - Placed on Finance Agenda
  • 1/25/2026 - Fiscal Impact statement From TAX (1/25/2026 4:42 pm)
  • 1/26/2026 - Subcommittee recommends laying on the table (8-Y 2-N)
  • 2/3/2026 - Assigned HFIN sub: Subcommittee #2

Subcommittee #1

Subcommittee recommends laying on the table (8-Y 2-N)

State Administration

Bill(s) Patron Title
HB488 Hernandez Wage garnishment; state tax debt.

Summary: An Act to amend and reenact §§ 2.2-804, 8.01-512.3, 8.01-515, 34-3, 34-29, and 58.1-105 of the Code of Virginia, relating to wage garnishment; state tax debt.

Fiscal Impact

Subcommittee recommends reporting with substitute (10-Y 0-N)

Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis

Last actions:

  • 2/2/2026 - Read second time
  • 2/2/2026 - committee substitute agreed to
  • 2/2/2026 - Engrossed by House - committee substitute
  • 2/3/2026 - Read third time and passed House (98-Y 0-N 0-A)
  • 2/21/2026 - Fiscal Impact statement From TAX (2/21/2026 3:18 pm)

Senate Committee Actions:

• 3/3/2026 - Constitutional reading dispensed (on 2nd reading) (40-Y 0-N 0-A)

• 3/3/2026 - Passed by for the day (Voice Vote)

• 3/3/2026 - Passed by for the day

• 3/4/2026 - Read third time

• 3/4/2026 - Passed Senate (40-Y 0-N 0-A)

Subcommittee #1

Subcommittee recommends reporting with substitute (10-Y 0-N)

HB716 Carnegie Income tax, state; innocent spouse tax relief.

Summary: An Act to amend the Code of Virginia by adding in Article 2 of Chapter 18 of Title 58.1 a section numbered 58.1-1836, relating to income tax; innocent spouse tax relief.

Fiscal Impact

Subcommittee recommends reporting (10-Y 0-N)

Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis

Last actions:

  • 1/28/2026 - Reported from Finance (22-Y 0-N)
  • 1/30/2026 - Read first time
  • 2/2/2026 - Read second time and engrossed
  • 2/3/2026 - Read third time and passed House (98-Y 0-N 0-A)
  • 2/23/2026 - Placed on Transportation Agenda

Senate Committee Actions:

• 3/3/2026 - Constitutional reading dispensed (on 2nd reading) (40-Y 0-N 0-A)

• 3/3/2026 - Passed by for the day (Voice Vote)

• 3/3/2026 - Passed by for the day

• 3/4/2026 - Read third time

• 3/4/2026 - Passed Senate (40-Y 0-N 0-A)

Subcommittee #1

Subcommittee recommends reporting (10-Y 0-N)

HB1080 Webert Collection of taxes; memorandum of lien, time to process requested information.

Summary: A BILL to amend and reenact § 58.1-1805 of the Code of Virginia, relating to Department of Taxation; memorandum of lien for collection of taxes; time to process requested information.

Fiscal Impact

Subcommittee recommends laying on the table (7-Y 3-N)

Yeas (7): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova

Nays (3): Fowler, McNamara, Davis

Last actions:

  • 1/23/2026 - Placed on Finance Agenda
  • 1/25/2026 - Fiscal Impact statement From TAX (1/25/2026 4:29 pm)
  • 1/26/2026 - Subcommittee recommends laying on the table (7-Y 3-N)
  • 2/18/2026 - Left in Committee Education
  • 2/18/2026 - Left in Finance

Subcommittee #1

Subcommittee recommends laying on the table (7-Y 3-N)