Finance - Subcommittee #1 Subcommittee Agenda
Chair: Hernandez, Phil
Meeting Date & Time: 02/09/2026 07:00 AM 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
DLS Contact: Schultz (804) 698-1863; Cronin (804) 698-1832
Data Centers
| Bill(s) | Patron | Title |
|---|---|---|
| HB563 | Reid | Personal property taxation; establishes classification for major energy consumer equipment upgrades. |
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Summary: A BILL to amend and reenact § 58.1-3506 of the Code of Virginia, relating to personal property taxation; classifications; major energy consumer equipment upgrades. Last actions:
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| HB641 | Krizek | Virginia's Great Outdoors Act; established, creates data center land conservation tax. |
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Summary: A BILL to amend and reenact § 58.1-512 of the Code of Virginia; to amend the Code of Virginia by adding in Title 10.1 a chapter numbered 21.3, consisting of sections numbered 10.1-2141, 10.1-2142, and 10.1-2143, and by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of sections numbered 58.1-1749 and 58.1-1750; and to repeal § 2.2-1509.4 of the Code of Virginia, relating to Virginia's Great Outdoors Act established; data center land conservation tax; land preservation distributions and appropriations. Last actions:
Related Bills: SB393 (Perry) |
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| HB784 | Anderson | RS and UT; commercial and industrial exemptions, disclosure of data center operator exemption. |
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Summary: A BILL to amend and reenact §§ 58.1-3 and 58.1-609.3 of the Code of Virginia, relating to retail sales and use tax; commercial and industrial exemptions; disclosure of data center operator exemption. Last actions:
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| HB897 | Sullivan | Retail Sales and Use Tax; exemption for data centers, delayed effective date. |
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Summary: A BILL to amend and reenact § 58.1-609.3 of the Code of Virginia, relating to retail sales and use tax; exemption for data centers. Last actions:
Senate Committee Actions: • 2/18/2026 - Constitutional reading dispensed (on 1st reading) • 2/18/2026 - Referred to Committee on Finance and Appropriations Commerce, Agriculture and Natural Resources Subcommittee Subcommittee recommends reporting with substitute (5-Y 2-N) |
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| HB961 | Watts | Retail Sales and Use Tax; commercial and industrial exemptions, data centers. |
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Summary: A BILL to amend and reenact § 58.1-609.3 of the Code of Virginia, relating to retail sales and use tax; commercial and industrial exemptions; data centers. Last actions:
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| HB1132 | Reid | Data center tax revenue; creates local residential renewable energy incentive program. |
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Summary: A BILL to amend the Code of Virginia by adding in Chapter 32 of Title 58.1 an article numbered 4.3, consisting of sections numbered 58.1-3246 through 58.1-3249, relating to data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty. Last actions:
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Corporate Taxation
| Bill(s) | Patron | Title |
|---|---|---|
| HB243 | Cole, J.G. | Corporate welfare tax; imposes on large employers a tax equal to 100% of qualified employee benefit. |
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Summary: A BILL to amend and reenact § 2.2-3905 of the Code of Virginia and to amend the Code of Virginia by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of a section numbered 58.1-1749, relating to corporate welfare tax.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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| HB609 | McNamara | Income tax, corporate; sourcing of sales, other than sales of tangible personal property. |
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Summary: A BILL to amend and reenact §§ 58.1-416, as it is effective and as it may become effective, 58.1-422.4, and 58.1-422.5, as it may become effective, of the Code of Virginia and to repeal the third enactment of Chapter 256 and the third enactment of Chapter 257 of the Acts of Assembly of 2022, relating to corporate income tax; sourcing of sales other than sales of tangible personal property. Last actions:
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| HB720 | Zehr | Material harmful to minors; creates tax on electronic distribution. |
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Summary: A BILL to amend the Code of Virginia by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of a section numbered 58.1-1749, relating to tax on electronic distribution of material harmful to minors.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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Corporate Income Tax Credits
| Bill(s) | Patron | Title |
|---|---|---|
| HB400 | Herring | Motion picture production; increases aggregate cap on tax credit, extends sunset. |
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Summary: A BILL to amend and reenact § 58.1-439.12:03 of the Code of Virginia, relating to motion picture production tax credit; sunset. Subcommittee recommends reporting with amendment(s) (11-Y 0-N)Yeas (11): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Fowler, McNamara, Davis, Watts Last actions:
Senate Committee Actions: • 2/18/2026 - Constitutional reading dispensed (on 1st reading) • 2/18/2026 - Referred to Committee on Finance and Appropriations Related Bills: SB828 (Bagby) Subcommittee #1 Subcommittee recommends reporting with amendment(s) (11-Y 0-N) |
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| HB504 | McAuliff | Income tax, state; tax credit for certain small businesses. |
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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; small business tax credit.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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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. Subcommittee recommends laying on the table (8-Y 3-N)Yeas (8): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Watts Nays (3): Fowler, McNamara, Davis Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (8-Y 3-N) |
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| HB946 | Franklin, L.V. | Income tax, state; affordable rental housing tax credit. |
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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; affordable rental housing tax credit.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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| HB1133 | Reid | Virginia Solar Energy and Battery Energy Storage Systems 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, and by adding in Article 13 of Chapter 3 of Title 58.1 a section numbered 58.1-439.12:13, relating to Department of Energy; Virginia Solar Energy and Battery Energy Storage Systems Program and tax credit; solar energy and battery energy storage projects.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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| HB1135 | Leftwich | Income tax, state; tax credit for affordable housing projects. |
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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 for affordable housing projects. Subcommittee recommends laying on the table (8-Y 3-N)Yeas (8): Hernandez, Anthony, Callsen, Gardner, Maldonado, Pope Adams, Bulova, Watts Nays (3): Fowler, McNamara, Davis Last actions:
Subcommittee #1 Subcommittee recommends laying on the table (8-Y 3-N) |
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| HB1230 | Sewell | Income tax, state; sustainable aviation fuel production tax credit. |
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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; sustainable aviation fuel production tax credit.
Subcommittee recommends continuing to (Voice Vote) Last actions:
Subcommittee #1 Subcommittee recommends continuing to (Voice Vote) |
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| HB1258 | Scott, P.A. | Pass-through limitation tax credit; report, penalty. |
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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 pass-through limitation tax credit; report; penalty. Last actions:
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| HB1461 | Franklin, M.A. | Income tax, state & corporate; microchip & semiconductor manufacturing & supply chain 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 microchip and semiconductor manufacturing and supply chain tax credits. Last actions:
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Individual Income Tax Credit
| Bill(s) | Patron | Title |
|---|---|---|
| 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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