Bill Commons

VA HB 378

Status unknown

Net investment income tax; imposes a tax on individuals, trusts, and estates.

Virginia · 2026 Regular Session · lower

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Quick answers

Did VA HB 378 pass?

The current status of VA HB 378 is not known from the official record. Latest recorded action (2026-02-18): Left in Finance

What is VA HB 378 about?

Net investment income tax. Imposes a net investment income tax on individuals, trusts, and estates beginning in taxable year 2027. The tax is generally equal to 3.8 percent of the lesser of (i) net investment income, defined in the bill, for the taxable year or (ii) federal modified adjusted gross income, defined in the bill, for such taxable year reduced by $500,000.

Who sponsors VA HB 378?

Elizabeth B. Bennett-Parker is the primary sponsor of VA HB 378.

Description

Net investment income tax. Imposes a net investment income tax on individuals, trusts, and estates beginning in taxable year 2027. The tax is generally equal to 3.8 percent of the lesser of (i) net investment income, defined in the bill, for the taxable year or (ii) federal modified adjusted gross income, defined in the bill, for such taxable year reduced by $500,000.

Introduced
2026-01-12
Latest action
2026-02-18 — Left in Finance
Bill type
bill
Last updated
—

Sponsors

  • Elizabeth B. Bennett-Parkerprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-02-18

    Left in Finance

  2. 2026-02-02

    Subcommittee recommends laying on the table (10-Y 0-N)

  3. 2026-02-02

    House subcommittee offered

  4. 2026-02-01

    Fiscal Impact statement From TAX (2/1/2026 10:04 am)

  5. 2026-01-12

    Referred to Committee on Finance

    referral-committee

  6. 2026-01-12

    Prefiled and ordered printed; Offered 01-14-2026 26103780D

    filing,introduction

Versions

Documents

Votes

  • Subcommittee recommends laying on the table

    2026-02-02 · pass · 10-0

    Member-level votes (10)
    • Phil M. Hernandez: yes
    • Bonita G. Anthony: yes
    • Katrina Callsen: yes
    • Debra D. Gardner: yes
    • Michelle Lopes Maldonado: yes
    • Kimberly Pope Adams: yes
    • Gretchen M. Bulova: yes
    • Hyland F. "Buddy" Fowler, Jr.: yes
    • Joseph P. McNamara: yes
    • Will Davis: yes

Related bills

No related bills recorded for this bill.

Official source

https://lis.virginia.gov/bill-details/20261/HB378

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

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