Virginia House Bill 458: Income tax, corporate and state; subtraction for broadband grant fund awards.

Virginia · 2026 Regular Session

What it does

Income tax subtraction; broadband grant fund awards. Establishes an individual and corporate income tax subtraction for any amount of public grant awards received in the taxable year for the exclusive purpose of planning, constructing, expanding, or improving upon broadband infrastructure and services in the Commonwealth beginning in taxable year 2026.

Latest action

Left in Finance (2026-02-18)

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