Income tax, state; affordable rental housing tax credit.
Introduced: it can still change before the session ends.
- Stage
- Introduced
- Started in
- House
- Sponsor
- Lily V. Franklin
- Latest action
- Jul 21
Where it stands
Introduced (Current step)
Committee (Not started)
Floor (Not started)
Law (Not started)
What it does
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.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Lily V. Franklin
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Work with this bill
Where it goes next
While a bill can still move, the questions are about people and money in Virginia.
- Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
- Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
- Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.
- Bills still moving in VirginiaNewest first, the ones that can still change