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Virginia · 2025 Regular Session · Bill

HB 2506: Income tax, state; energy-efficient homes tax credits.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 2506 is a bill introduced in the Virginia House on January 8, 2025. According to its official title, it concerns: Income tax, state; energy-efficient homes tax credits. Primary sponsor: Chris Runion (Republican). Most recent recorded action (February 4, 2025): Left in Finance.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Income tax; energy-efficient homes tax credits. Authorizes an eligible contractor, defined in the bill, or an eligible purchaser, also defined in the bill, to claim a nonrefundable income tax credit, during taxable years 2025 through 2029, in an amount equal to $2,000 per construction or purchase of a qualified new energy-efficient home and $4,000 per construction or purchase of a zero energy ready home, as those terms are defined in the bill. The bill clarifies that either an eligible contractor or an eligible purchaser, but not both, shall be able to claim the credit for any single qualified new energy-efficient or zero energy ready home, as applicable, and establishes a maximum credit amount that an eligible contractor may claim per taxable year of $500,000.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Chris RunionPrimary sponsorRepublicanHouse35

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Left in Finance
  2. Subcommittee recommends incorporating into HB2086-Shin (Voice Vote)
  3. Impact statement from TAX (HB2506)
  4. Assigned Finance sub: Subcommittee #2
  5. Referred to Committee on Finance
  6. Prefiled and ordered printed; Offered 01-08-2025 25104389D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source