Income tax, state & corporate; microchip & semiconductor manufacturing & supply chain tax credits.
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HB1461 — Income tax, state & corporate; microchip & semiconductor manufacturing & supply chain tax credits.
Last action — Tabled in Finance (19-Y 2-N)
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed House of Delegates
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4Passed Senate
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5To Executive
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6Enacted
This bill has been introduced in the House of Delegates. Introduced January 23, 2026. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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Introduced
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 1 recorded vote so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Income tax, state & corporate; microchip & semiconductor manufacturing & supply chain tax credits.
Bill Text
We don't have the full text on file for this bill yet.
Read HB1461 on the official Virginia source →Compared against the Code of Virginia as published AI-generated reading aid — verify against the official bill.
This bill amends 1 section(s) of the Code of Virginia: 58.1-439.12.
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58.1-439.12
A.
Inserts “A.”.
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58.1-439.12
For purposes of this section:
Inserts “For purposes of this section:”.
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58.1-439.12
"Capital investment" means an expenditure by or on behalf of a qualified company on or after July 1, 202
Inserts “"Capital investment" means an expenditure by or on behalf of a qualified company on or after July 1, 202”.
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58.1-439.12
6
Inserts “6”.
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58.1-439.12
, in real property, tangible personal property, or both,
Inserts “, in real property, tangible personal property, or both,”.
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58.1-439.12
at a facility in
Inserts “at a facility in”.
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58.1-439.12
Virginia that is properly chargeable to a capital account. The purchase or lease of furniture, fixtures, business personal property, machinery
Inserts “Virginia that is properly chargeable to a capital account. The purchase or lease of furniture, fixtures, business personal property, machinery”.
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58.1-439.12
,
Inserts “,”.
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58.1-439.12
and tools, including under any operating lease, and expected building construction and upfit by or on behalf of a qualified company shall qualify as capital investment.
Inserts “and tools, including under any operating lease, and expected building construction and upfit by or on behalf of a qualified company shall qualify as capital investment.”.
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58.1-439.12
"Eligible project" means a project (i) in Virginia by a qualified company in the semiconductor manufacturing and related equipment and material supplies sector for which a memorandum
Inserts “"Eligible project" means a project (i) in Virginia by a qualified company in the semiconductor manufacturing and related equipment and material supplies sector for which a memorandum”.
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58.1-439.12
of
Inserts “of”.
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58.1-439.12
understanding has been entered into
Inserts “understanding has been entered into”.
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58.1-439.12
;
Inserts “;”.
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58.1-439.12
(ii) that includes sustainability measures to mitigate the impact of greenhouse gas emissions over the project's lifetime
Inserts “(ii) that includes sustainability measures to mitigate the impact of greenhouse gas emissions over the project's lifetime”.
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58.1-439.12
;
Inserts “;”.
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58.1-439.12
(iii)
Inserts “(iii)”.
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58.1-439.12
that
Inserts “that”.
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58.1-439.12
provides project construction salaries that are no less than the
Inserts “provides project construction salaries that are no less than the”.
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58.1-439.12
prevailing average wage in the locality in which the facility is located
Inserts “prevailing average wage in the locality in which the facility is located”.
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58.1-439.12
;
Inserts “;”.
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58.1-439.12
(iv)
Inserts “(iv)”.
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58.1-439.12
that
Inserts “that”.
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58.1-439.12
include
Inserts “include”.
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58.1-439.12
s
Inserts “s”.
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58.1-439.12
commitments to work
Inserts “commitments to work”.
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58.1-439.12
force development,
Inserts “force development,”.
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58.1-439.12
education
Inserts “education”.
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58.1-439.12
, childcare, and community investment,
Inserts “, childcare, and community investment,”.
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58.1-439.12
which shall include training and education benefits paid by the
Inserts “which shall include training and education benefits paid by the”.
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58.1-439.12
qualified
Inserts “qualified”.
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58.1-439.12
company to expand employment opportunities for
Inserts “company to expand employment opportunities for”.
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58.1-439.12
residents of the Commonwealth
Inserts “residents of the Commonwealth”.
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58.1-439.12
;
Inserts “;”.
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58.1-439.12
(v)
Inserts “(v)”.
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58.1-439.12
that
Inserts “that”.
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58.1-439.12
creates or causes to be created at least
Inserts “creates or causes to be created at least”.
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58.1-439.12
100
Inserts “100”.
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58.1-439.12
new jobs within
Inserts “new jobs within”.
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58.1-439.12
10
Inserts “10”.
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58.1-439.12
years of project commencement
Inserts “years of project commencement”.
Action History
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H Tabled in Finance (19-Y 2-N)
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H Placed on Finance Agenda
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H Assigned HFIN sub: Subcommittee #1
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H Fiscal Impact statement From TAX (2/4/2026 7:44 pm)
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H Placed on Finance Agenda
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H Referred to Committee on Finance
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H Presented and ordered printed 26106032D
Sponsors
- Margaret A. Franklin · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 2 voted No
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 19 | 2 | 0 | 1 |
| Total | 19 | 2 | 0 | 1 |
| % of votes cast | 86% | 9% | 0% | 5% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Bonita G. Anthony | — | Yea |
| Chris S. Runion | — | Yea |
| Debra D. Gardner | — | Yea |
| Elizabeth B. Bennett-Parker | — | Yea |
| Gretchen M. Bulova | — | Yea |
| Hyland F. "Buddy" Fowler, Jr. | — | Not Voting |
| Joseph P. McNamara | — | Yea |
| Karen Keys-Gamarra | — | Yea |
| Katrina Callsen | — | Yea |
| Kimberly Pope Adams | — | Yea |
| Lindsey Dougherty | — | Yea |
| Margaret A. Franklin | — | Yea |
| Michelle Lopes Maldonado | — | Nay |
| Nicole Cole | — | Yea |
| Phil M. Hernandez | — | Yea |
| R. Lee Ware | — | Yea |
| Richard C. "Rip" Sullivan, Jr. | — | Yea |
| Stacey Annie Carroll | — | Yea |
| Thomas A. Garrett, Jr. | — | Nay |
| Vivian E. Watts | — | Yea |
| Wendell S. Walker | — | Yea |
| Will Davis | — | Yea |
Subjects
Frequently asked questions
- What does HB1461 do?
- Income tax, state & corporate; microchip & semiconductor manufacturing & supply chain tax credits.
- Who sponsors HB1461?
- HB1461 is sponsored by Margaret A. Franklin.
- What is the current status of HB1461?
- This bill has been introduced in the House of Delegates. Introduced January 23, 2026. It must pass committee before a floor vote.
- Where can I track HB1461?
- Track HB1461 free on One Click Politics — get push/email alerts when it moves.
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