2025 Regular SessionVirginia Legislature

HB2086: Income tax, state; energy efficient homes tax credits.

Legislative Summary

Income tax; energy efficient homes tax credits. Authorizes an eligible contractor, defined in the bill, to claim a nonrefundable income tax credit, during taxable years 2025 through 2029, in an amount equal to $1,000 per construction of a qualified new energy efficient home and $2,000 per construction of a zero energy ready home, as those terms are defined in the bill. The bill establishes a maximum credit amount that an eligible contractor may claim per taxable year of $250,000.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/7/2025
Prefiled and ordered printed; Offered 01-13-2025 25104582D
House of Delegates
1/7/2025
Referred to Committee on Finance
House of Delegates
1/24/2025
Assigned Finance sub: Subcommittee #2
House of Delegates
1/26/2025
Impact statement from TAX (HB2086)
House of Delegates
2/4/2025
Left in Finance
House of Delegates

Amendments

HFIN Sub: Subcommittee #2 Amendments

HFIN Sub: Subcommittee #2 Amendments

Not Adopted

Status Information

Current Status
Introduced(1/7/2025)
Chamber
House of Delegates
Committee
Finance(House of Delegates)

Sponsors

Democrat: 2
Republican: 1

Primary Sponsor

Irene Shin
Irene Shin
Democrat

Documents

Introduced
Bill Text1/7/20258.7 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/26/202590.6 KB