Finance - Subcommittee #1 Subcommittee Agenda
Chair: Hernandez, Phil
Meeting Date & Time: 02/02/2026 Immediately upon adjournment of the House Add to Calendar
Location: House Committee Room B - 205
Testimony/Comments: Sign up to speak or submit comments (opens in a new window)
Active item: Meeting Adjourned
Video: Archived
Committee Clerk: 804-698-1947
DLS Contact: Schultz (804) 698-1863; Cronin (804) 698-1832
State Administration
| Bill(s) | Patron | Title |
|---|---|---|
| HB1180 | Pope Adams | Income tax, state; free tax filing program for individuals. |
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Summary: An Act to amend and reenact § 58.1-202.3 of the Code of Virginia and to repeal Chapter 535 of the Acts of Assembly of 2010, relating to Department of Taxation; free tax filing program for individuals. Subcommittee recommends reporting with amendment(s) (10-Y 0-N)Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, Davis, Watts Not Voting (1): McNamara Last actions:
Senate Committee Actions: • 2/18/2026 - Constitutional reading dispensed Block Vote (on 2nd reading) (38-Y 0-N 0-A) • 2/18/2026 - Passed by for the day • 2/19/2026 - Read third time • 2/19/2026 - Passed Senate Block Vote (39-Y 0-N 0-A) • 2/23/2026 - Signed by President Related Bills: SB591 (McPike) Subcommittee #1 Subcommittee recommends reporting with amendment(s) (10-Y 0-N) |
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Income Tax Credits
| Bill(s) | Patron | Title |
|---|---|---|
| HB378 | Bennett-Parker | Net investment income tax; imposes a tax on individuals, trusts, and estates. |
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Summary: A BILL to amend the Code of Virginia by adding in Title 58.1 a chapter numbered 3.1, consisting of sections numbered 58.1-541 and 58.1-542, relating to net investment income tax. Subcommittee recommends laying on the table (10-Y 0-N)Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (10-Y 0-N) |
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| HB405 | Reid | Health Insurance Premium Stabilization Tax Credit Act; established, report. |
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Summary: A BILL to amend the Code of Virginia by adding in Chapter 3 of Title 58.1 an article numbered 3.1, consisting of sections numbered 58.1-339.15, 58.1-339.16, and 58.1-339.17, relating to Health Insurance Premium Stabilization Tax Credit Act. Subcommittee recommends laying on the table (8-Y 2-N)Yeas (8): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Watts Nays (2): Fowler, Davis Not Voting (1): McNamara Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (8-Y 2-N) |
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| HB697 | Kent | Income tax, state; credit for surviving spouse's real property taxes. |
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Summary: A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to income tax; credit for surviving spouse's real property taxes. Last actions:
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| HB760 | Runion | Income tax, state; energy-efficient homes tax credits. |
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Summary: A BILL to amend the Code of Virginia by adding in Article 13 of Chapter 3 of Title 58.1 a section numbered 58.1-439.12:13, relating to income tax; energy-efficient new homes tax credits. Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (8-Y 3-N) |
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| HB805 | Carr | Land preservation; maximum amount of increase of tax credits. |
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Summary: A BILL to amend and reenact § 58.1-512 of the Code of Virginia, relating to land preservation tax credit; maximum amount increase. 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:
Subcommittee #1 Subcommittee recommends laying on the table (7-Y 3-N) |
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| HB1004 | Tran | Income tax, state; creates child tax credit. |
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Summary: A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to child tax credit; Virginia adjusted gross income. 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:
Subcommittee #1 Subcommittee recommends laying on the table (7-Y 3-N) |
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| HB1051 | Phillips | Income tax, state; real property tax relief credit. |
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Summary: A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to income tax; real property tax relief credit. 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:
Subcommittee #1 Subcommittee recommends laying on the table (7-Y 3-N) |
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| HB1412 | Wilt | Child day-care facility investment and child day-care expense reimbursement; income tax credits. |
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Summary: A BILL to amend and reenact § 58.1-439.4 of the Code of Virginia, relating to child day-care facility investment and child day-care expense reimbursement tax credits. 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:
Subcommittee #1 Subcommittee recommends laying on the table (7-Y 3-N) |
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| HB1422 | McGuire | Solar energy equipment; establishes a nonrefundable income tax credit. |
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Summary: A BILL to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.15, relating to solar energy equipment tax credit. Subcommittee recommends laying on the table (9-Y 1-N)Yeas (9): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, Davis Nays (1): McNamara Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (9-Y 1-N) |
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Subtractions
| Bill(s) | Patron | Title |
|---|---|---|
| HB1454 | Bulova | Income tax, state; subtraction for Segal AmeriCorps Education Award. |
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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; Segal AmeriCorps Education Award. Subcommittee recommends reporting and referring to Appropriations (10-Y 0-N)Yeas (10): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, Davis, Watts Not Voting (1): McNamara Last actions:
Subcommittee #1 Subcommittee recommends reporting and referring to Appropriations (10-Y 0-N) |
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