SB 380 VA
Income tax, corporate and state; subtraction for broadband grant fund awards.
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Summary
This bill would create income tax subtractions for broadband grant fund awards. Broadband grant programs provide funding to expand internet infrastructure in underserved areas. A tax subtraction reduces the amount of income subject to taxation. The bill would allow individuals and corporations receiving broadband grant fund awards to subtract those amounts from their state income tax liability, providing tax relief for broadband infrastructure investment.
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 §§ 58.1-322.02 and 58.1-402 of the Code of Virginia, relating to income tax subtraction; broadband grant fund awards.
Sponsor (1)
- Jennifer B. Boysko Democratic · primary
Action history (6)
- Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26101213D · upper
- Jan 13, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 24, 2026 Fiscal Impact statement From TAX (1/24/2026 4:50 pm) · upper
- Jan 29, 2026 Fiscal Impact statement From TAX (1/29/2026 12:14 pm) · upper
- Feb 3, 2026 Continued to next session in Finance and Appropriations (15-Y 0-N) · upper
- Jul 21, 2026 Continued from last session · upper
Full text
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