HB 2653 Virginia House of Delegates · 2025 Regular Session

Qualified equity and subordinated debt investments tax credit; sunset.

Summary
Qualified equity and subordinated debt investments tax credit; sunset. Provides that the qualified equity and subordinated debt investments tax credit expires after taxable year 2025.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
House of Delegates Passage
Feb 2025
Senate Passage
Feb 2025
Signed into Law
Mar 2025
Introduced Jan 14, 2025 Signed Mar 21, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

Enrolled Chaptered · 3 edits
MINOR
This bill converts an enrolled legislative act into a chapter of the Virginia Code, adding formatting and page breaks while preserving all substantive policy language. The actual tax credit provisions remain unchanged, including the $5 million annual funding cap, $50,000 taxpayer credit limit, and sunset date of January 1, 2026.
TECHNICAL

Added page breaks and formatting markers (e.g., '2 of 2', 'CHAPTER 306') to match official code publication standards.

Changed header from 'ENROLLED' to 'VIRGINIA ACTS OF ASSEMBLY - 2025 SESSION' to reflect final chaptered status.

Added approval date 'Approved March 21, 2025' to document legislative history.

Floor votes · Senate Feb 11, 2025 · House of Delegates Jan 28, 2025

How they voted

400
Passed
Total votes 40
Feb 11, 2025
D Democratic21
21 Yea
100% Yea
R Republican19
19 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
26
Key actions
10
Committee
6
Mar 21, 2025
Signed into law
Approved by Governor-Chapter 306 (Effective 07/01/25)
executive
Feb 20, 2025
Upper · Passed
Signed by President
upper
Feb 17, 2025
Lower · Passed
Signed by Speaker
lower
Feb 17, 2025
Lower · Passed
Bill text as passed House and Senate (HB2653ER)
lower
Feb 12, 2025
Upper · Passed
Passed Senate (39-Y 0-N)
upper
Feb 11, 2025
Upper · Passed
Passed by for the day
upper
Feb 11, 2025
Upper · Passed
Reported from Finance and Appropriations (15-Y 0-N)
upper
Jan 29, 2025
Committee
Referred to Committee on Finance and Appropriations
upper
Jan 28, 2025
Lower · Passed
Read third time and passed House (99-Y 0-N)
lower
Jan 22, 2025
Lower · Passed
Reported from Finance (22-Y 0-N)
lower
Jan 21, 2025
Lower · Passed
Subcommittee recommends reporting (8-Y 0-N)
lower
Jan 20, 2025
Committee
Assigned Finance sub: Subcommittee #2
lower
Jan 14, 2025
Committee
Referred to Committee on Finance
lower
Jan 14, 2025
Introduced
Presented and ordered printed 25104905D
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Elizabeth Bennett-Parker
Elizabeth Bennett-Parker
DDemocratic
VA
39