Finance Committee Agenda
Chair: Watts, Vivian E.
Meeting Date & Time: 02/25/2026 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
Bills Reported from Subcommittee #1
| Bill(s) | Patron | Title |
|---|---|---|
| SB96 | Roem | Income tax, corporate and state; credit for braille labeling program. |
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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 credit; braille labeling program. Referred from Finance and rereferred to Appropriations (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler, McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 1/22/2026 - Engrossed by Senate (Voice Vote) • 1/22/2026 - VOTE: Block Vote (39-Y 0-N 0-A) • 1/22/2026 - Engrossed by Senate - committee substitute • 1/23/2026 - Read third time and passed Senate (39-Y 0-N 0-A) • 2/18/2026 - Fiscal Impact statement From TAX (2/18/2026 6:14 pm) |
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| SB224 | Surovell | Tax administration; award for tax underpayment detection assistance. |
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Summary: A BILL to amend the Code of Virginia by adding a section numbered 58.1-1803.1, relating to tax administration; award for tax underpayment detection assistance. Reported from Finance with substitute and rereferred to Appropriations (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler, McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 2/10/2026 - Finance and Appropriations Substitute agreed to • 2/10/2026 - Engrossed by Senate (Voice Vote) • 2/10/2026 - Engrossed by Senate - committee substitute (Voice Vote) • 2/11/2026 - Read third time and passed Senate (23-Y 15-N 0-A) • 2/17/2026 - Fiscal Impact statement From TAX (2/17/2026 7:31 pm) Subcommittee #1 Subcommittee recommends reporting with substitute and referring to Appropriations (11-Y 0-N) |
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| SB834 | Jones | Virginia Solar Energy and Battery Energy Storage Systems Grant Program; established. |
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Summary: A BILL to amend the Code of Virginia by adding in Chapter 19 of Title 45.2 an article numbered 4, consisting of sections numbered 45.2-1918 through 45.2-1922, relating to Virginia Solar Energy and Battery Energy Storage Systems Grant Program. Referred from Finance and rereferred to Appropriations (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler, McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 2/10/2026 - Finance and Appropriations Substitute agreed to • 2/10/2026 - Engrossed by Senate (Voice Vote) • 2/10/2026 - Engrossed by Senate - committee substitute (Voice Vote) • 2/11/2026 - Read third time and passed Senate (21-Y 19-N 0-A) • 2/23/2026 - Fiscal Impact Statement from Department of Planning and Budget (SB834) Subcommittee #1 Subcommittee recommends referring to and rereferred to Appropriations (Voice Vote) |
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Bills Reported from Subcommittee #2
| Bill(s) | Patron | Title |
|---|---|---|
| SB763 | Williams Graves | Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax. |
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Summary: A BILL to amend the Code of Virginia by adding in Title 58.1 a chapter numbered 6.3, consisting of sections numbered 58.1-663 through 58.1-666, relating to retail sales and use tax; firearm and ammunition tax.
Continued to next session in Finance (Voice Vote) Last actions:
Senate Committee Actions: • 2/5/2026 - Read second time • 2/5/2026 - Finance and Appropriations Substitute agreed to • 2/5/2026 - Engrossed by Senate - committee substitute • 2/6/2026 - Read third time and passed Senate (21-Y 19-N 0-A) • 2/23/2026 - Fiscal Impact statement From TAX (2/23/2026 3:25 pm) Related Bills: HB1094 (Laufer) Subcommittee #2 Subcommittee recommends continuing to (Voice Vote) |
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| SB181 | Williams Graves | Real property tax; partial exemption for repurposing underutilized structures for residential use. |
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Summary: An Act to amend and reenact § 58.1-3220 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 58.1-3221.7 and by adding in Chapter 38 of Title 58.1 an article numbered 14, consisting of a section numbered 58.1-3855, relating to real property tax; partial exemption for repurposing underutilized structures for residential use; local incentives. Reported from Finance with substitute (17-Y 4-N)Yeas (17): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler Nays (4): McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 3/20/2026 - Fiscal Impact statement From TAX (3/20/2026 11:42 am) • 4/22/2026 - Senate concurred in Governor's recommendation (21-Y 18-N 0-A) • 4/22/2026 - Reenrolled • 4/22/2026 - Reenrolled bill text (SB181ER2) • 4/22/2026 - Signed by President Subcommittee #2 Subcommittee recommends reporting with substitute (11-Y 0-N) |
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| SB302 | Jordan | Peanuts; excise tax, sunset extended. |
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Summary: An Act to amend and reenact § 3.2-1905 of the Code of Virginia, relating to excise tax on peanuts; sunset extended. Reported from Finance and rereferred to Appropriations (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler, McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 1/29/2026 - Passed by for the day • 1/30/2026 - Read second time • 1/30/2026 - Engrossed by Senate (Voice Vote) • 2/2/2026 - Passed Senate (39-Y 1-N 0-A) • 2/2/2026 - Read third time and passed Senate (39-Y 1-N 0-A) Subcommittee #2 Subcommittee recommends reporting (10-Y 0-N) |
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| SB788 | Perry | Alcoholic beverage control; payment of excise tax on beer, wine coolers, and wine, penalties. |
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Summary: An Act to amend and reenact §§ 4.1-235 and 4.1-332 of the Code of Virginia, relating to alcoholic beverage control; payment of excise tax on beer, wine coolers, and wine; penalties. Reported from Finance with amendment(s) (21-Y 0-N)Yeas (21): Watts, Hernandez, Sullivan, Anthony, Callsen, Gardner, Keys-Gamarra, Maldonado, Pope Adams, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Bulova, McPike, Ware, Fowler, McNamara, Walker, Runion, Davis Not Voting (1): Garrett Last actions:
Senate Committee Actions: • 2/10/2026 - Rules suspended • 2/10/2026 - Constitutional reading dispensed Block Vote (on 3rd reading) (40-Y 0-N 0-A) • 2/10/2026 - Read third time and passed Senate Block Vote (40-Y 0-N 0-A) • 2/11/2026 - Fiscal Impact Statement from Department of Planning and Budget (SB788) • 3/4/2026 - House Amendments agreed to by Senate (39-Y 1-N 0-A) Subcommittee #2 Subcommittee recommends reporting ; Subcommittee recommends reporting with amendment(s) (9-Y 0-N) |
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