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VA SB96

Bill

Official Source

Status

Engrossed

1/22/2026

Primary Sponsor

Danica Roem

Click for details

Origin

Senate

2026 Regular Regular Session

AI Summary

  • Creates a nonrefundable income tax credit for businesses that voluntarily develop and implement braille labeling programs on products sold or shipped within Virginia
  • Allows businesses to claim the lesser of actual eligible braille labeling expenditures or $50,000 per taxable year
  • Caps total tax credits issued at $500,000 per year, allocated on a first-come, first-served basis
  • Applies to taxable years beginning January 1, 2026, through December 31, 2030
  • Unused credits cannot be carried forward to succeeding taxable years; credits for pass-through entities are allocated proportionally to partners, members, or shareholders

Legislative Description

Income tax, corporate and state; credit for braille labeling program.

Last Action

Referred from Finance and referred to Appropriations (21-Y 0-N)

2/25/2026

Committee Referrals

Appropriations2/25/2026
Finance2/3/2026
Finance and Appropriations12/31/2025

Full Bill Text

No bill text available