VA HB1155

Creates a Virginia income tax subtraction for broadband grant funds received by taxpayers beginning January 1, 2025

Defines "broadband grant funds" as monetary awards from federal, state, or local governments for planning, constructing, expanding, or improving broadband infrastructure and services in the Commonwealth

Excludes from the subtraction any income or interest derived from using broadband grant funds for purposes unrelated to improving broadband infrastructure and services

Applies to both individual income tax (§58.1-322.02) and corporate income tax (§58.1-402)

Sponsored by Delegate Hodges and introduced January 14, 2026