An efficient first-principles electronic dynamics method is introduced in this article. The approach we put forth relies on incrementally constructing a time-dependent Fock∕Kohn-Sham matrix using active space density screening method that reduces the cost of computing two-electron repulsion integrals. An adaptive stepsize control algorithm is developed to optimize the efficiency of the electronic dynamics while maintaining good energy conservation. A selected set of model dipolar push-pull chromophore molecules are tested and compared with the conventional method of direct formation of the Fock∕Kohn-Sham matrix. While both methods considered herein take on identical dynamical simulation pathways for the molecules tested, the active space density screening algorithm becomes much more computationally efficient. The adaptive stepsize control algorithm, when used in conjunction with the dynamically active space method, yields a factor of ∼3 speed-up in computational cost as observed in electronic dynamics using the time dependent density functional theory. The total computational cost scales nearly linear with increasing size of the molecular system.