HB977
Tax laws of the Commonwealth; conformity to the Internal Revenue Code.
Status:
In House
Latest Action:
Jan. 29, 2026
House: Committee substitute printed 26106211D-H1
Chief Patron:
Vivian Watts (D)
Session:
2026 Regular Session
Summary
As Introduced. Conformity of the tax laws of the Commonwealth to the Internal Revenue Code.
Repeals rolling conformity and reestablishes fixed date conformity with the Internal Revenue Code as it existed on December 31, 2024, for Virginia income tax purposes beginning with taxable year 2025.-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed with emergency clause; Offered 01-14-2026 26103241D
- 01/13/2026 - House: Referred to Committee on Finance
- 01/16/2026 - House: House committee offered
- 01/23/2026 - House: Placed on Finance Agenda
- 01/26/2026 - House: House subcommittee offered
- 01/26/2026 - House: Fiscal Impact statement From TAX (1/26/2026 12:36 pm)
- 01/26/2026 - House: Fiscal Impact statement From TAX (1/26/2026 12:40 pm)
- 01/28/2026 - House: Placed on Finance Agenda
- 01/28/2026 - House: House committee offered
- 01/28/2026 - House: Reported from Finance with substitute and referred to Appropriations (22-Y 0-N)
- 01/28/2026 - House: Referred to Committee on Appropriations
- 01/29/2026 - House: Committee substitute printed 26106211D-H1
