VA HB 243
Status unknownCorporate welfare tax; imposes on large employers a tax equal to 100% of qualified employee benefit.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 243 pass?
The current status of VA HB 243 is not known from the official record. Latest recorded action (2026-02-11): Continued to next session in Finance (Voice Vote)
What is VA HB 243 about?
Corporate welfare tax. Imposes on large employers, as defined in the bill, a corporate welfare tax equal to 100 percent of the qualified employee benefits received by any employees of such large employer residing in the Commonwealth. The bill directs the Department of Taxation to obtain identifying data for individuals receiving qualified federal benefits, as defined by the bill, from the Department of Social Services pursuant to an interagency agreement and to compare such data to employment rosters received quarterly from large employers to determine the amount of qualified federal benefits received by employees of such large employers. The bill also prohibits an employer, in connection with the selection or referral of applicants or candidates for employment, to make inquiries or otherwise seek information relating to whether such applicant receives qualified federal benefits.
Who sponsors VA HB 243?
Joshua G. Cole is the primary sponsor of VA HB 243.
Description
Corporate welfare tax. Imposes on large employers, as defined in the bill, a corporate welfare tax equal to 100 percent of the qualified employee benefits received by any employees of such large employer residing in the Commonwealth. The bill directs the Department of Taxation to obtain identifying data for individuals receiving qualified federal benefits, as defined by the bill, from the Department of Social Services pursuant to an interagency agreement and to compare such data to employment rosters received quarterly from large employers to determine the amount of qualified federal benefits received by employees of such large employers. The bill also prohibits an employer, in connection with the selection or referral of applicants or candidates for employment, to make inquiries or otherwise seek information relating to whether such applicant receives qualified federal benefits.
- Introduced
- 2026-01-08
- Latest action
- 2026-02-11 — Continued to next session in Finance (Voice Vote)
- Bill type
- bill
- Last updated
- —
Sponsors
- Joshua G. Coleprimary
Committees
Not provided by source.
Action timeline
2026-01-08
Prefiled and ordered printed; Offered 01-14-2026 26104162D
filing,introduction
2026-01-08
Referred to Committee on Finance
referral-committee
2026-02-05
Assigned HFIN sub: Subcommittee #1
referral-committee
2026-02-08
Fiscal Impact statement From TAX (2/8/2026 12:59 pm)
2026-02-09
Subcommittee recommends continuing to (Voice Vote)
2026-02-11
Continued to next session in Finance (Voice Vote)
Versions
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
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