Cole has requested $25,000 from the General Fund to support Stafford County’s Rappahannock Education Farm.
HB1598 Individual income tax; first-time homebuyer tax credit.This bill would create a one-time tax credit for first-time homebuyers. From 2025 to 2029, eligible homebuyers can receive a nonrefundable income tax credit of up to $10,000 for expenses related to buying their first home. The credit is based on the purchase price of the home. However, if the buyer sells the home within three years of purchasing it, they will have to repay the credit.
The bill passed two committees with 5-3 and 11-10 split votes and is currently waiting for review by the Commerce, Agriculture, and Natural Resources Committee.
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