Virginia · 2026 Regular Session · Bill
HB 946: Income tax, state; affordable rental housing tax credit.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 946 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Income tax, state; affordable rental housing tax credit. Primary sponsor: Lily V. Franklin. Most recent recorded action (February 11, 2026): Continued to next session in Finance (Voice Vote).
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 credit; affordable rental housing tax credit. Establishes a nonrefundable tax credit for taxable years 2026 through 2030 for eligible landlords equal to $750 per affordable dwelling unit, as certified by the Department of Housing and Community Development. The bill limits the (i) total amount of such credits available to an eligible landlord to $15,000 per taxable year and (ii) aggregate amount of such credits claimed to $5 million per taxable year.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Lily V. Franklin | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Continued to next session in Finance (Voice Vote)
- Subcommittee recommends continuing to (Voice Vote)
- Fiscal Impact statement From TAX (2/7/2026 7:40 pm)
- Assigned HFIN sub: Subcommittee #1
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-14-2026 26102758D