HB458
Income tax, corporate and state; subtraction for broadband grant fund awards.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (7-Y 3-N)
Chief Patron:
Paul Krizek (D)
Session:
2026 Regular Session
Summary
As Introduced. Income tax subtraction; broadband grant fund awards.
Establishes an individual and corporate income tax subtraction for any amount of public grant awards received in the taxable year for the exclusive purpose of planning, constructing, expanding, or improving upon broadband infrastructure and services in the Commonwealth beginning in taxable year 2026.-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26105230D
- 01/12/2026 - House: Referred to Committee on Finance
- 01/23/2026 - House: Fiscal Impact statement From TAX (1/23/2026 6:27 pm)
- 01/30/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Placed on Finance Agenda
- 02/02/2026 - House: Subcommittee recommends laying on the table (7-Y 3-N)
