HB1461
Microchip and semiconductor manufacturing and supply chain tax credits; Virginia Economic Development Partnership Authority evaluation; report.
Status:
In House
Latest Action:
Jan. 30, 2026
House: Placed on Finance Agenda
Chief Patron:
Margaret Angela Franklin (D)
Session:
2026 Regular Session
Summary
As Introduced. Microchip and semiconductor manufacturing and supply chain tax credits; Virginia Economic Development Partnership Authority evaluation; report.
Creates a series of individual and corporate income tax credits for companies engaged in the microchip and semiconductor manufacturing and supply chain business that between January 1, 2026, and December 31, 2036, (i) invest at least $400 million, (ii) create at least 100 new jobs, (iii) pay an average prevailing ... (More) wage salary, and (iv) submit a plan for use of and committing $50 million of community investments. (Less)-
Bill History
- 01/23/2026 - House: Presented and ordered printed 26106032D
- 01/23/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
