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Corporate income tax rate; reduction. Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.
Introduced
Jan 14, 2026
Last Action
Jan 28, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Passed by indefinitely in Finance and Appropriations (9-Y 4-N)
Fiscal Impact statement From TAX (1/26/2026 10:52 am)
Prefiled and ordered printed; Offered 01-14-2026 26103137D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Passed by indefinitely in Finance and Appropriations (9-Y 4-N)
Emily M. Jordan