HB405
Health Insurance Premium Stabilization Tax Credit Act; established, report.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (8-Y 2-N)
Chief Patron:
David Reid (D)
Session:
2026 Regular Session
Summary
As 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 ... (More) 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. (Less)-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26101207D
- 01/12/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Fiscal Impact statement From TAX (2/1/2026 2:58 pm)
- 02/01/2026 - House: Fiscal Impact statement From TAX (2/1/2026 10:08 pm)
- 02/02/2026 - House: Subcommittee recommends laying on the table (8-Y 2-N)
