HB 243 VA
Corporate welfare tax; imposes on large employers a tax equal to 100% of qualified employee benefit.
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
Virginia House Bill 243 would impose a corporate welfare tax on large employers. The bill would establish a tax equal to 100% of qualified employee benefits that employers provide to their employees.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
A BILL to amend and reenact § 2.2-3905 of the Code of Virginia and to amend the Code of Virginia by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of a section numbered 58.1-1749, relating to corporate welfare tax.
Sponsor (1)
- Joshua G. Cole Democratic · primary
Action history (7)
- Jan 8, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104162D · lower
- Jan 8, 2026 Referred to Committee on Finance · lower
- Feb 5, 2026 Assigned HFIN sub: Subcommittee #1 · lower
- Feb 8, 2026 Fiscal Impact statement From TAX (2/8/2026 12:59 pm) · lower
- Feb 9, 2026 Subcommittee recommends continuing to (Voice Vote) · lower
- Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower
- Jul 21, 2026 Continued from last session · lower
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments