Virginia bills · 2026 Regular Session
Virginia HB 372
Income tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Marcia S. "Cia" Price (Democratic)
Cosponsors (19)
- Lamont Bagby (Democratic)
- Shelly A. Simonds (Democratic)
- Irene Shin (Democratic)
- Charlie Schmidt
- Sam Rasoul (Democratic)
- Michelle Lopes Maldonado
- Paul E. Krizek (Democratic)
- Patrick A. Hope (Democratic)
- Rozia A. Henson, Jr. (Democratic)
- Elizabeth R. Guzman (Democratic)
- Debra D. Gardner (Democratic)
- Nicole Cole (Democratic)
- Joshua G. Cole (Democratic)
- Nadarius E. Clark (Democratic)
- Betsy B. Carr (Democratic)
- Karen R. "Kacey" Carnegie
- Elizabeth B. Bennett-Parker (Democratic)
- Bonita G. Anthony (Democratic)
- Jessica L. Anderson
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
Earned income tax credit. Removes the sunset from and makes permanent the increase in Virginia's refundable earned income tax credit from 15 percent to 20 percent of the allowable federal earned income tax credit. Under current law, the Virginia refundable earned income tax credit expires in taxable year 2027, and Virginia's nonrefundable earned income tax credit, which has no expiration date, is equal to 20 percent of the federal credit.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2026 · House
Continued to next session in Finance (Voice Vote) - Feb 9, 2026 · House
Subcommittee recommends continuing to (Voice Vote) - Feb 5, 2026 · House
Assigned HFIN sub: Subcommittee #3 - Jan 18, 2026 · House
Fiscal Impact statement From TAX (1/18/2026 5:51 pm) - Jan 12, 2026 · House
Referred to Committee on Finance - Jan 12, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26102368D