Virginia SB 380 — Income tax, corporate and state; subtraction for broadband grant fund awards.

Virginia, 2027. SB 380: Income tax, corporate and state; subtraction for broadband grant fund awards.

Plural source record ↗

Official legislative source ↗

Latest action

July 21, 2026 — Continued from last session

Summary

Income tax subtraction; broadband grant fund awards. Establishes an individual and corporate income tax subtraction for any amount of public grant awards received in the taxable year for the exclusive purpose of planning, constructing, expanding, or improving upon broadband infrastructure and services in the Commonwealth beginning in taxable year 2026.

A BILL to amend and reenact §§ 58.1-322.02 and 58.1-402 of the Code of Virginia, relating to income tax subtraction; broadband grant fund awards.

Sponsors

• Jennifer B. Boysko — primary sponsor

Bill text

Introduced Read version ↗ Read version ↗

Recorded votes

No roll-call votes were supplied for this bill. This does not imply that no vote occurred.

Legislative history

1. July 21, 2026Continued from last session
2. February 3, 2026Continued to next session in Finance and Appropriations (15-Y 0-N)
3. January 29, 2026Fiscal Impact statement From TAX (1/29/2026 12:14 pm)
4. January 24, 2026Fiscal Impact statement From TAX (1/24/2026 4:50 pm)
5. January 13, 2026Referred to Committee on Finance and Appropriations
6. January 13, 2026Prefiled and ordered printed; Offered 01-14-2026 26101213D

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