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HB 372 VA
Introduced

Income tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.

VA · session 2026 · Assembly / House · bill

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Introduced Jan 12, 2026

Latest action (Feb 11, 2026) Continued to next session in Finance (Voice Vote)

Summary

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.

Sponsor (1)
19 coauthors / cosponsors

Action history (6)
  1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26102368D · lower
  2. Jan 12, 2026 Referred to Committee on Finance · lower
  3. Jan 18, 2026 Fiscal Impact statement From TAX (1/18/2026 5:51 pm) · lower
  4. Feb 5, 2026 Assigned HFIN sub: Subcommittee #3 · lower
  5. Feb 9, 2026 Subcommittee recommends continuing to (Voice Vote) · lower
  6. Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF
  • Introduced · HTML

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