Finance Committee Agenda
Chair: Watts, Vivian E.
Meeting Date & Time: 01/28/2026 15 minutes after adjournment of House Add to Calendar
Location: House Committee Room B - 205
Testimony/Comments: Sign up to speak or submit comments (opens in a new window)
Video: Archived
Committee Clerk: 804-698-1947 - Vonny Powell, Clerk
DLS Contact: (804) 698-1863 - Rebecca Schultz, Attorney
Administrative Action
| Bill(s) | Patron | Title |
|---|---|---|
| HB987 | Garrett | Virginia Retirement System; service credit for career and technical education teachers. |
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Summary: A BILL to amend and reenact § 51.1-141 of the Code of Virginia, relating to Virginia Retirement System; service credit for career and technical education teachers.
Referred from Finance and rereferred to Appropriations (Voice Vote) Last actions:
Compensation and Retirement Subcommittee Subcommittee recommends laying on the table (5-Y 2-N) |
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Bills Reported from Subcommittee 1
| Bill(s) | Patron | Title |
|---|---|---|
| HB137 | Feggans | Income tax, state; increases current cap of military benefits that may be subtracted. |
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Summary: A BILL to amend and reenact § 58.1-322.02 of the Code of Virginia, relating to individual income tax; subtractions; military benefits. Reported from Finance and rereferred to Appropriations (18-Y 0-N)Yeas (18): Watts, Hernandez, Sullivan, Bennett-Parker, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McNamara, Walker, Runion, Davis Not Voting (4): Anthony, Ware, Fowler, Garrett Reported from Finance with substitute and rereferred to Appropriations (22-Y 0-N)Yeas (18): Watts, Hernandez, Sullivan, Bennett-Parker, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McNamara, Walker, Runion, Davis Not Voting (4): Anthony, Ware, Fowler, Garrett Last actions:
Subcommittee #1 Subcommittee recommends reporting with substitute and referring to Appropriations (10-Y 0-N) |
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| HB488 | Hernandez | Wage garnishment; state tax debt. |
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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. Reported from Finance with substitute (22-Y 0-N)Yeas (22): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
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) |
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| HB716 | Carnegie | Income tax, state; innocent spouse tax relief. |
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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. Reported from Finance (22-Y 0-N)Yeas (22): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
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) |
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Bills Reported from Subcommittee 2
HB68 is continued
| Bill(s) | Patron | Title |
|---|---|---|
| HB68 | McNamara | Real property; effect on rate when assessment results in tax increase, consideration of inflation. |
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Summary: A BILL to amend and reenact §§ 58.1-3321 and 58.1-3330 of the Code of Virginia, relating to local taxation of real property; effect on rate when assessment results in tax increase; consideration of inflation.
Continued to next session in Finance (Voice Vote) Last actions:
Subcommittee #2 Subcommittee recommends continuing to (Voice Vote) |
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| HB474 | Rasoul | Real estate with delinquent taxes or liens; apptmt. of special commissioner, increases value. |
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Summary: An Act to amend and reenact § 58.1-3970.1 of the Code of Virginia, relating to real estate with delinquent taxes or liens; appointment of special commissioner; increases required value. Reported from Finance with amendment(s) (22-Y 0-N)Yeas (22): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
Senate Committee Actions: • 2/26/2026 - Passed by for the day Block Vote (Voice Vote) • 2/26/2026 - Passed by for the day • 2/27/2026 - Read third time • 2/27/2026 - Passed Senate (37-Y 0-N 0-A) • 3/4/2026 - Signed by President Subcommittee #2 Subcommittee recommends reporting with amendment(s) (10-Y 0-N) |
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| HB550 | Anderson | Admissions tax in counties; retail sales and use tax dedicated to promotion of tourism. |
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Summary: An Act to amend and reenact § 58.1-3818 of the Code of Virginia, relating to admissions tax in counties; retail sales and use tax dedicated to promotion of tourism. Reported from Finance (15-Y 7-N)Yeas (15): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova Nays (7): Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
Senate Committee Actions: • 2/18/2026 - Passed by for the day • 2/18/2026 - Passed by for the day • 2/19/2026 - Read third time • 2/19/2026 - Passed Senate (24-Y 14-N 0-A) • 2/23/2026 - Signed by President Related Bills: SB400 (Diggs) Subcommittee #2 Subcommittee recommends reporting (7-Y 3-N) |
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| HB854 | Cousins | Real property tax; local classification or designation for property, nonprofit organizations. |
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Summary: An Act to amend and reenact §§ 58.1-3603 and 58.1-3651 of the Code of Virginia, relating to real property tax; local classification or designation for portion of property. Reported from Finance with substitute (22-Y 0-N)Yeas (22): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
Senate Committee Actions: • 3/4/2026 - Read third time • 3/4/2026 - Finance and Appropriations Substitute agreed to • 3/4/2026 - Engrossed by Senate - committee substitute • 3/4/2026 - Passed Senate with substitute Block Vote (40-Y 0-N 0-A) • 3/4/2026 - Passed Senate with substitute Block Vote (40-Y 0-N 0-A) Subcommittee #2 Subcommittee recommends reporting with substitute (8-Y 1-N); Subcommittee recommends reporting with substitute (9-Y 0-N) |
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| HB960 | Watts | Personal property taxes; valuation, effective clause. |
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Summary: A BILL to amend and reenact § 58.1-3503 of the Code of Virginia, relating to personal property taxes; valuation. Reported from Finance with amendment(s) (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Not Voting (1): Maldonado Last actions:
Senate Committee Actions: • 2/4/2026 - Constitutional reading dispensed (on 1st reading) • 2/4/2026 - Referred to Committee on Finance and Appropriations • 2/12/2026 - Removed from Finance and Appropriations docket for Feb 12, 2026 • 3/3/2026 - Placed on Finance and Appropriations docket for Mar 03, 2026 • 3/3/2026 - Continued to next session in Finance and Appropriations (15-Y 0-N) Subcommittee #2 Subcommittee recommends reporting with amendment(s) (10-Y 0-N) |
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Bill Before the Full Committee
| Bill(s) | Patron | Title |
|---|---|---|
| HB977 | Watts | Tax laws of the Commonwealth; conformity to the Internal Revenue Code. |
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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. Reported from Finance with substitute and rereferred to Appropriations (22-Y 0-N)Yeas (22): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, McNamara, Walker, Runion, Garrett, Davis Last actions:
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