HB 405 VA

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Introduced

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.

• David A. Reid Democratic · primary

1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26101207D · lower
2. Jan 12, 2026 Referred to Committee on Finance · lower
3. Feb 1, 2026 Fiscal Impact statement From TAX (2/1/2026 2:58 pm) · lower
4. Feb 1, 2026 Fiscal Impact statement From TAX (2/1/2026 10:08 pm) · lower
5. Feb 2, 2026 Subcommittee recommends laying on the table (8-Y 2-N) · lower
6. Feb 18, 2026 Left in Finance · lower

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