Finance Committee Agenda
Chair: Watts, Vivian E.
Meeting Date & Time: 02/04/2026 15 minutes after adjournment of House Add to Calendar
Location: House Committee Room B - 205
Active item: Meeting Adjourned
Video: Archived
Committee Clerk: 804-698-1947 - Vonny Powell, Clerk
DLS Contact: (804) 698-1863 - Rebecca Schultz, Attorney
Bills Reported from Subcommittee #1
| Bill(s) | Patron | Title |
|---|---|---|
| HB958 | Watts | Income tax, corporate; taxable income, net operating loss. |
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Summary: A BILL to amend and reenact § 58.1-402 of the Code of Virginia, relating to corporate income tax; taxable income; net operating loss. 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: • 2/11/2026 - Constitutional reading dispensed (on 1st reading) • 2/11/2026 - 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 (14-Y 1-N) Subcommittee #1 Subcommittee recommends reporting (9-Y 0-N) |
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| 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. 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: • 2/18/2026 - 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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| 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. Reported from Finance 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:
Subcommittee #1 Subcommittee recommends reporting and referring to Appropriations (10-Y 0-N) |
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Bills Reported from Subcommittee #2
| Bill(s) | Patron | Title |
|---|---|---|
| HB167 | Askew | Tax exemptions; Confederacy organizations. |
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Summary: An Act to amend and reenact §§ 58.1-811, as it is currently effective and as it may become effective, and 58.1-3607 of the Code of Virginia and to repeal §§ 58.1-3650.31 and 58.1-3650.716 of the Code of Virginia, relating to tax exemptions; Confederacy organizations. 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 - 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 (21-Y 17-N 0-A) • 2/23/2026 - Signed by President Subcommittee #2 Subcommittee recommends reporting (7-Y 3-N) |
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| HB557 | Reaser | Tangible personal property tax; establishes classification for electric landscaping equipment. |
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Summary: An Act to amend and reenact § 58.1-3506 of the Code of Virginia, relating to tangible personal property tax; electric landscaping equipment. 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: • 2/27/2026 - Passed by for the day • 2/27/2026 - Passed by for the day • 3/2/2026 - Read third time • 3/2/2026 - Passed Senate (21-Y 19-N 0-A) • 3/6/2026 - Signed by President Subcommittee #2 Subcommittee recommends reporting (7-Y 3-N) |
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| HB915 | Lopez | Local taxation; tax extension for federal government shutdown. |
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Summary: An Act to amend and reenact § 58.1-3916 of the Code of Virginia, relating to local taxation; extension for federal government shutdown. Reported from Finance with amendment(s) (20-Y 2-N)Yeas (20): Watts, Hernandez, Sullivan, Bennett-Parker, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, Ware, Fowler, Walker, Garrett, Davis Nays (2): McNamara, Runion Last actions:
Senate Committee Actions: • 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 - Read third time • 3/4/2026 - Passed Senate (39-Y 0-N 0-A) Subcommittee #2 Subcommittee recommends reporting with amendment(s) (10-Y 0-N) |
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| HB1341 | Bulova | Fairfax, City of; amending charter, financial powers. |
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Summary: A BILL to amend and reenact § 2.2, as amended, of Chapter 319 of the Acts of Assembly of 1966, which provided a charter for the City of Fairfax, relating to financial powers. 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: • 2/11/2026 - Constitutional reading dispensed (on 1st reading) • 2/11/2026 - Referred to Committee on Local Government • 2/23/2026 - Placed on Local Government docket for Feb 23, 2026 Subcommittee #2 Subcommittee recommends reporting (10-Y 0-N) |
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| HB1358 | Runion | Real property tax; special assessment on basis of use, notice requirements. |
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Summary: An Act to amend and reenact § 55.1-703 of the Code of Virginia and to amend the Code of Virginia by adding sections numbered 55.1-1008.1 and 58.1-3234.1, relating to real property tax; special assessment for land use; notice requirements; civil penalty. 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: • 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 Related Bills: SB649 (Obenshain) Subcommittee #2 Subcommittee recommends reporting with substitute (10-Y 0-N) |
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