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HB 378 VA
Introduced

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

VA · session 2026 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 12, 2026

Latest action (Feb 18, 2026) Left in Finance

Summary

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.

Sponsor (1)

Action history (6)
  1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26103780D · lower
  2. Jan 12, 2026 Referred to Committee on Finance · lower
  3. Feb 1, 2026 Fiscal Impact statement From TAX (2/1/2026 10:04 am) · lower
  4. Feb 2, 2026 House subcommittee offered · lower
  5. Feb 2, 2026 Subcommittee recommends laying on the table (10-Y 0-N) · lower
  6. Feb 18, 2026 Left in Finance · lower

Text versions (4)

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.

  • Subcommittee #1 Subcommittee Amendment · HTML
  • Finance Amendment · HTML
  • Introduced · PDF
  • Introduced · HTML

Full text

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