SB96
Income tax, corporate and state; credit for braille labeling program.
Status:
In House
Latest Action:
March 9, 2026
House: Placed on Appropriations Agenda
Chief Patron:
Danica Roem (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Income tax credit; braille labeling program.
Creates a nonrefundable individual and corporate income tax credit, as applicable, for taxable years 2026 through 2030 for up to $50,000 of expenditures incurred in the development and implementation of a braille labeling program on products, items, or packages sold in or shipped within the Commonwealth. The bill specifies that ... (More) the aggregate amount of such credits allowed for all taxpayers in a taxable year is $500,000 and that any credit not usable for the taxable year in which it is first allowed shall not be carried over for credit in any succeeding taxable year. (Less)-
Bill History
- 12/31/2025 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26100740D
- 12/31/2025 - Senate: Referred to Committee on Finance and Appropriations
- 01/17/2026 - Senate: Fiscal Impact statement From TAX (1/17/2026 9:54 am)
- 01/20/2026 - Senate: Senate subcommittee offered
- 01/20/2026 - Senate: Reported from Finance and Appropriations with substitute (14-Y 0-N)
- 01/20/2026 - Senate: Committee substitute printed 26105724D-S1
- 01/21/2026 - Senate: Read first time
- 01/22/2026 - Senate: Read second time
- 01/22/2026 - Senate: Finance and Appropriations Substitute agreed to
- 01/22/2026 - Senate: Engrossed by Senate - committee substitute
- 01/23/2026 - Senate: Read third time and passed Senate (39-Y 0-N 0-A)
- 02/03/2026 - House: Placed on Calendar
- 02/03/2026 - House: Read first time
- 02/03/2026 - House: Referred to Committee on Finance
- 02/18/2026 - Senate: Fiscal Impact statement From TAX (2/18/2026 6:14 pm)
- 02/20/2026 - House: Placed on Finance Agenda
- 02/25/2026 - House: Referred from Finance and referred to Appropriations (21-Y 0-N)
- 02/25/2026 - House: Referred to Committee on Appropriations
- 03/09/2026 - House: Placed on Appropriations Agenda
