Virginia 2026 Session Status: Introduced

HB504 — Income tax, state; tax credit for certain small businesses.

Last action — Continued from last session

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House of Delegates. Introduced January 12, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill proposes a state income tax credit for certain small businesses.

The bill aims to provide a tax credit to qualifying small businesses in the state. This financial incentive is designed to support small business growth and sustainability.

What this means for you
  • Small Business: This could reduce your tax liability, allowing for more funds to invest in your business.

Summary

Income tax, state; tax credit for certain small businesses.

Bill Text

We don't have the full text on file for this bill yet.

Read HB504 on the official Virginia source →

Action History

  1. H Continued to next session in Finance (Voice Vote)

  2. H Placed on Finance Agenda

  3. H Subcommittee recommends continuing to (Voice Vote)

  4. H Fiscal Impact statement From TAX (2/8/2026 1:29 pm)

  5. H Assigned HFIN sub: Subcommittee #1

  6. H Placed on Finance Agenda

  7. H Referred to Committee on Finance

  8. H Prefiled and ordered printed; Offered 01-14-2026 26103087D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB504 do?
Income tax, state; tax credit for certain small businesses.
Who sponsors HB504?
HB504 is sponsored by John Chilton McAuliff.
What is the current status of HB504?
This bill has been introduced in the House of Delegates. Introduced January 12, 2026. It must pass committee before a floor vote.
Where can I track HB504?
Track HB504 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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