Virginia 2026 Session Status: Introduced

SB747 — Income tax, state; first-time homebuyer tax credit.

Last action — Continued from last session

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

This bill has been introduced in the Senate. Introduced January 19, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Stalled 26% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

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 introduces a tax credit for first-time homebuyers.

The bill establishes an income tax credit for individuals purchasing their first home. This initiative aims to support new homeowners by providing financial relief.

What this means for you
  • Families: If you are a first-time homebuyer, this bill may provide you with a tax credit to help with your home purchase costs.

Summary

Income tax, state; first-time homebuyer tax credit.

Bill Text

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

Read SB747 on the official Virginia source →

Action History

  1. S Continued to next session in Finance and Appropriations (10-Y 4-N)

  2. S Fiscal Impact statement From TAX (1/26/2026 11:04 pm)

  3. S Referred to Committee on Finance and Appropriations

  4. S Presented and ordered printed 26105180D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on · 3 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.

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

Votes

Continued to next session in Finance and Appropriations

Passed 10 Yea · 4 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10401
Total 10401
% of votes cast 67%27%0%7%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Adam P. Ebbin — Yea
Barbara A. Favola — Yea
Bryce E. Reeves — Not Voting
David W. Marsden — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Nay
R. Creigh Deeds — Yea
Richard H. Stuart — Nay
Ryan T. McDougle — Nay
Scott A. Surovell — Yea
Todd E. Pillion — Nay

Official roll call →

Subjects

taxation housing
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 SB747 do?
Income tax, state; first-time homebuyer tax credit.
Who sponsors SB747?
SB747 is sponsored by Todd E. Pillion.
What is the current status of SB747?
This bill has been introduced in the Senate. Introduced January 19, 2026. It must pass committee before a floor vote.
Where can I track SB747?
Track SB747 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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