HB504
Income tax, state; tax credit for certain small businesses.
Status:
In House
Latest Action:
Jan. 30, 2026
House: Placed on Finance Agenda
Chief Patron:
John Chilton McAuliff (D)
Session:
2026 Regular Session
Summary
As Introduced. Income tax; tax credit for certain small businesses.
Establishes a one-time, nonrefundable tax credit for taxable years 2026 through 2030 for eligible small businesses, as defined in the bill, equal to $2,500. The bill limits the total aggregate amount of small business credits claimed to $5 million per taxable year.-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26103087D
- 01/12/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
