HB946Introduced in the House of Delegates
Income tax, state; affordable rental housing tax credit.
Introduced by Lily Franklin, District 41
What does this bill do?
Plain-English breakdown
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Official description
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.
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.
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26102758D
Referred to Committee on Finance
Assigned HFIN sub: Subcommittee #1
Fiscal Impact statement From TAX (2/7/2026 7:40 pm)
Subcommittee recommends continuing to (Voice Vote)
Continued to next session in Finance (Voice Vote)
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