HB504Introduced in the House of Delegates
Income tax, state; tax credit for certain small businesses.
Introduced by John Chilton McAuliff, District 30
What does this bill do?
Plain-English breakdown
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Official description
Income tax; tax credit for certain small businesses. Establishes a one-time, nonrefundable tax credit for taxable years 2026 through 2030 for eligible small businesses, as defined in the bill, equal to $2,500. The bill limits the total aggregate amount of small business credits claimed to $5 million per taxable year.
Where it stands
Continued to next session in Finance (Voice Vote)
February 11, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26103087D
Referred to Committee on Finance
Assigned HFIN sub: Subcommittee #1
Fiscal Impact statement From TAX (2/8/2026 1:29 pm)
Subcommittee recommends continuing to (Voice Vote)
Continued to next session in Finance (Voice Vote)
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