Virginia R&D credit rules for TY2026
Each row is a field from the registry entry our engine applies. A blank field says so; it is never filled in.
- Credit for TY2026
- Expired No. The registry records the Virginia credit as expired: Va. Code Ann. §58.1-439.12:08 / :11 (expired for TY beginning on/after 1/1/2025; HB 1969 (2025) extension failed)
- State form
- None recorded in the registry
- Statute
- Va. Code Ann. §58.1-439.12:08 / :11 (expired for TY beginning on/after 1/1/2025; HB 1969 (2025) extension failed)
What this means for a Virginia company
Our engine computes no Virginia research credit for tax year 2026. The registry entry carries Va. Code Ann. §58.1-439.12:08 / :11 (expired for TY beginning on/after 1/1/2025; HB 1969 (2025) extension failed).
That is the whole of what the registry says, and this page will not say more. What does not change is the federal position: the §41 credit is computed from the same substantiated qualified research expenses whichever state the work sits in, and a Virginia company with qualifying research claims it on Form 6765 like anyone else.
Claiming it alongside the federal credit
The federal §41 credit comes first: it is computed from the qualified research expenses the study substantiates and filed on Form 6765 with the return. A Virginia company still claims the federal credit in full.
State credits generally reach only research performed in the state, so the study records where each expense was incurred as it is built, not at filing time.
One base, two computations
- 1 Qualify the activities under the four-part test and total the year's QREs.
- 2 Compute the federal §41 credit and file it on Form 6765.
- 3 Record why no Virginia credit is claimed, with the citation, so the file answers the question before anyone asks it.
What the registry tells the preparer
These notes travel with the Virginia entry inside the platform, reproduced verbatim for the person signing the return.
- Virginia's research and development expenses tax credits (Va. Code §58.1-439.12:08 and the §58.1-439.12:11 major credit) expired for taxable years beginning on or after January 1, 2025, and the 2025 General Assembly did not extend them - do not claim a Virginia R&D credit for TY2025+ unless reinstating legislation is enacted.
Registry sources
The citations the Virginia registry entry carries, verbatim: what the study cites and a reviewer can check.
- Statute
- Va. Code Ann. §58.1-439.12:08 / :11 (expired for TY beginning on/after 1/1/2025; HB 1969 (2025) extension failed)
Registry entry version 2025.1, exported from services/study-api/app/engines/rules_engine.py (STATE_RULES_2024 + STATE_RULES_REGIME_OVERRIDES via RulesEngine.get_state_rules) on September 10, 2026. The entry above governs TY2026; a study for an earlier year uses that year's entry.
The federal credit is still on the table
Tell us what your team builds and we will come back with what a Ricerca study could capture federally: the §41 credit and the §174A deduction. Free, and no obligation.