Virginia House Bill 1051: Income tax, state; real property tax relief credit.

Virginia · 2026 Regular Session

What it does

Income tax; real property tax relief credit. Provides a refundable income tax credit in taxable years 2026 through 2030 to eligible taxpayers, defined in the bill, who incur real property taxes in an amount equal to or greater than four percent of their federal adjusted gross income for up to $500 for single individuals and $1000 for married persons filing jointly.

Latest action

Left in Finance (2026-02-18)

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