HB372
Income Tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.
Status:
In House
Latest Action:
Jan. 30, 2026
House: Placed on Finance Agenda
Chief Patron:
Cia Price (D)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) tax credit, which has no expiration date, is equal to 20 percent of the federal credit. (Less)-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26102368D
- 01/12/2026 - House: Referred to Committee on Finance
- 01/18/2026 - House: Fiscal Impact statement From TAX (1/18/2026 5:51 pm)
- 01/30/2026 - House: Placed on Finance Agenda
