VirginiaHB3782026 Regular SessionHouse

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

Sponsored By: Elizabeth B. Bennett-Parker (Democratic)

Failed

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Elizabeth B. Bennett-Parker

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 10 • No: 0

House vote • 2/2/2026

Subcommittee recommends laying on the table

Yes: 10 • No: 0

Actions Timeline

  1. Left in Finance

    2/18/2026House
  2. Subcommittee recommends laying on the table (10-Y 0-N)

    2/2/2026House
  3. House subcommittee offered

    2/2/2026House
  4. Fiscal Impact statement From TAX (2/1/2026 10:04 am)

    2/1/2026House
  5. Referred to Committee on Finance

    1/12/2026House
  6. Prefiled and ordered printed; Offered 01-14-2026 26103780D

    1/12/2026House

Bill Text

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