VA HB 405
Status unknownHealth Insurance Premium Stabilization Tax Credit Act; established, report.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 405 pass?
The current status of VA HB 405 is not known from the official record. Latest recorded action (2026-02-18): Left in Finance
What is VA HB 405 about?
Health Insurance Premium Stabilization Tax Credit Act. Establishes the Health Insurance Premium Stabilization Tax Credit Act, through which a qualified taxpayer, defined in the bill, shall be allowed a refundable income tax credit for taxable years 2026 through 2030 in an amount equal to such taxpayer's certifiable premium. The bill provides that the Health Benefit Exchange Division of the State Corporation Commission shall determine each qualifying taxpayer's certifiable premium for each taxable year in which such taxpayer may claim a health insurance premium stabilization tax credit and shall annually report such amount to the Department of Taxation. Such amount, with respect to any taxable year, shall be the sum of each coverage month's premium balance across all coverage months for such taxable year, as described in the bill.
Who sponsors VA HB 405?
David A. Reid is the primary sponsor of VA HB 405.
Description
Health Insurance Premium Stabilization Tax Credit Act. Establishes the Health Insurance Premium Stabilization Tax Credit Act, through which a qualified taxpayer, defined in the bill, shall be allowed a refundable income tax credit for taxable years 2026 through 2030 in an amount equal to such taxpayer's certifiable premium. The bill provides that the Health Benefit Exchange Division of the State Corporation Commission shall determine each qualifying taxpayer's certifiable premium for each taxable year in which such taxpayer may claim a health insurance premium stabilization tax credit and shall annually report such amount to the Department of Taxation. Such amount, with respect to any taxable year, shall be the sum of each coverage month's premium balance across all coverage months for such taxable year, as described in the bill.
- Introduced
- 2026-01-12
- Latest action
- 2026-02-18 — Left in Finance
- Bill type
- bill
- Last updated
- —
Sponsors
- David A. Reidprimary
Committees
Not provided by source.
Action timeline
2026-01-12
Prefiled and ordered printed; Offered 01-14-2026 26101207D
filing,introduction
2026-01-12
Referred to Committee on Finance
referral-committee
2026-02-01
Fiscal Impact statement From TAX (2/1/2026 2:58 pm)
2026-02-01
Fiscal Impact statement From TAX (2/1/2026 10:08 pm)
2026-02-02
Subcommittee recommends laying on the table (8-Y 2-N)
2026-02-18
Left in Finance
Versions
Documents
Votes
Subcommittee recommends laying on the table
2026-02-02 · pass · 8-2
Member-level votes (11)
- 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.: no
- Joseph P. McNamara: not voting
- Will Davis: no
- Vivian E. Watts: yes
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:
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