Bill
Bill > HB1454
summary
Introduced
01/23/2026
01/23/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Individual income tax; subtractions; Segal AmeriCorps Education Award. Provides that, for taxable years beginning on and after January 1, 2026, any amounts received as income from or otherwise pursuant to the Segal AmeriCorps Education Award, as described in the bill, shall be subtracted from an individual's Virginia taxable income.
AI Summary
This bill proposes to amend Virginia's tax code to allow individuals to subtract certain amounts from their Virginia taxable income, which is the portion of their income subject to state income tax after certain deductions. Specifically, for taxable years beginning on or after January 1, 2026, any income received from or related to the Segal AmeriCorps Education Award will be deductible. The Segal AmeriCorps Education Award is a benefit provided to individuals who have completed certain AmeriCorps service programs, offering financial assistance for education or to repay student loans. This provision clarifies that the award itself, and income derived from it, can be subtracted from an individual's taxable income in Virginia, but it excludes the Silver Scholar and Summer of Service education awards from this subtraction.
Committee Categories
Budget and Finance
Sponsors (6)
Gretchen Bulova (D)*,
Nicole Cole (D),
Dan Helmer (D),
Paul Krizek (D),
Amy Laufer (D),
J.J. Singh (D),
Last Action
Left in Committee Appropriations (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1454 |
| Fiscal Note/Analysis - Fiscal Impact statement From TAX (2/1/2026 1:03 pm) | https://lis.blob.core.windows.net/files/1105404.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1454/text/HB1454 |
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