States / Virginia / HB 1051

HB 1051 In Committee

Income tax, state; real property tax relief credit.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
Jan 14, 2026
Last action
Feb 18, 2026 — Left in Finance
Session
2026
Momentum
47 · Moderate