HB 1074 VA
State taxation; numerous changes to the Commonwealth's tax structure.
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Summary
Virginia House Bill 1074 would make numerous changes to Virginia's state tax structure. The bill would amend the Virginia Code to modify income tax, tax credit, and other state taxation provisions.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
A BILL to amend and reenact §§ 58.1-320, 58.1-322.02, 58.1-322.03, and 58.1-339.8 of the Code of Virginia and to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 sections numbered 58.1-339.15 and 58.1-339.16, relating to state taxation in the Commonwealth.
Sponsor (1)
- Phil M. Hernandez Democratic · primary
1 coauthor / cosponsor
- Kathy K.L. Tran Democratic · cosponsor
Action history (7)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26105169D · lower
- Jan 14, 2026 Referred to Committee on Finance · lower
- Feb 5, 2026 Assigned HFIN sub: Subcommittee #3 · lower
- Feb 8, 2026 Fiscal Impact statement From TAX (2/8/2026 9:48 pm) · lower
- Feb 9, 2026 Subcommittee recommends continuing to (Voice Vote) · lower
- Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower
- Jul 21, 2026 Continued from last session · lower
Full text
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