Corporate welfare tax; imposes on large employers a tax equal to 100% of qualified employee benefit.
Sponsored By: Joshua G. Cole (Democratic)
In Committee
Summary
Corporate welfare tax. Imposes on large employers, as defined in the bill, a corporate welfare tax equal to 100 percent of the qualified employee benefits received by any employees of such large employer residing in the Commonwealth. The bill directs the Department of Taxation to obtain identifying data for individuals receiving qualified federal benefits, as defined by the bill, from the Department of Social Services pursuant to an interagency agreement and to compare such data to employment rosters received quarterly from large employers to determine the amount of qualified federal benefits received by employees of such large employers. The bill also prohibits an employer, in connection with the selection or referral of applicants or candidates for employment, to make inquiries or otherwise seek information relating to whether such applicant receives qualified federal benefits.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Joshua G. Cole
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Continued from last session
7/21/2026HouseContinued to 2027 in Finance (Voice Vote)
2/11/2026HouseSubcommittee recommends continuing to 2028 (Voice Vote)
2/9/2026HouseFiscal Impact statement From TAX (2/8/2026 12:59 pm)
2/8/2026HouseAssigned HFIN sub: Subcommittee #1
2/5/2026HouseReferred to Committee on Finance
1/8/2026HousePrefiled and ordered printed; Offered 01-14-2026 26104162D
1/8/2026House
Bill Text
Introduced
1/8/2026
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