Proposed Virginia Firearm Legislation SB452
Legislation Overview
Title: Commonwealth Savers Plan; ImABLE accounts established; tax treatment.
Description: Commonwealth Savers Plan; ImABLE accounts established; tax treatment. Provides a process whereby eligible individuals, defined in the bill, may establish ImABLE savings accounts, defined in the bill, with the Commonwealth Savers Plan. Payments and contributions, up to limits defined in the bill, to such accounts are made on an after-tax basis, distributions are generally exempt from income taxes, collections, and withdrawal penalties, and such accounts shall not be used as a factor in employment classifications. The bill authorizes the Commonwealth Savers Plan to adopt emergency regulations to implement the provisions of the bill. The bill also establishes the Virginia ImABLE Fund and Grant Program to award competitive grants to businesses, nonprofit organizations, and localities for projects that assist eligible individuals with support expenses, as defined in the bill.
Session: 2026 Regular Regular Session
Last Action: Referred to Committee on Finance and Appropriations
Last Action Date: January 13, 2026
Sponsors
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
1 sponsors: Emily Brewer (R);
Percentage of Senate sponsoring bill: 3% (1 of 40)
History
| Chamber | Date | Action |
| Senate | Jan 13, 2026 | Prefiled and ordered printed; Offered 01-14-2026 26103164D |
| Senate | Jan 13, 2026 | Referred to Committee on Finance and Appropriations |
Texts
| Type | Date | State Link | Text |
| Introduced | Jan 13, 2026 | state link | bill text |
Amendments
| Title | Description | Date | State Link | Text | Adopted |
| There are no amendments to this bill at this time | |||||
Votes - Click on description to view vote roll call
There have not been any votes on this bill
Link: link to state bill page
