# Virginia HB378: Net investment income tax; imposes a tax on individuals, trusts, and estates.

Virginia HB378, Net investment income tax; imposes a tax on individuals, trusts, and estates., is a 2026 Regular Session House bill sponsored by Elizabeth B. Bennett-Parker (Democratic); status failed, last action 2026-02-18 (Left in Finance) (as of 2026-11-06).

- Canonical: https://policyrisk.com/state-bill/VA-HB378-2026
- As of: 2026-11-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB378
- State: Virginia
- Session: 2026 Regular Session
- Title: Net investment income tax; imposes a tax on individuals, trusts, and estates.
- Status: failed
- Chamber: House
- Introduced: 2026-01-12
- Last action: 2026-02-18, Left in Finance
- Sponsor: Elizabeth B. Bennett-Parker (Democratic)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 1 (10 yes, 0 no in all)
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Elizabeth B. Bennett-Parker (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-02 | House | Subcommittee recommends laying on the table | pass | 10 | 0 |   |

## Actions (6)

- 2026-02-18: Left in Finance (House)
- 2026-02-02: Subcommittee recommends laying on the table (10-Y 0-N) (House)
- 2026-02-02: House subcommittee offered (House)
- 2026-02-01: Fiscal Impact statement From TAX (2/1/2026 10:04 am) (House)
- 2026-01-12: Referred to Committee on Finance (House)
- 2026-01-12: Prefiled and ordered printed; Offered 01-14-2026 26103780D (House)

## Bill text

- Amendment, 2026-02-04: [HTML](https://lis.blob.core.windows.net/files/1115828.HTML)
- Amendment, 2026-02-02: [HTML](https://lis.blob.core.windows.net/files/1105845.HTML)
- Introduced, 2026-01-12: [HTML](https://lis.blob.core.windows.net/files/1084191.HTML), [PDF](https://lis.blob.core.windows.net/files/1084190.PDF)

## Related bills

- HB20: Minimum wage; farm laborers or farm employees, temporary foreign workers. (signed)
- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB329: Va. Residential Landlord & Tenant/Manufactured Home Lot Rental Acts; retaliatory conduct prohibited. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)

## Sources
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1115828.HTML)
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1105845.HTML)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1084191.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1084190.PDF)

## Related
- [HB20: Minimum wage; farm laborers or farm employees, temporary foreign workers.](https://policyrisk.com/state-bill/VA-HB20-2026)
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB329: Va. Residential Landlord & Tenant/Manufactured Home Lot Rental Acts; retaliator…](https://policyrisk.com/state-bill/VA-HB329-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/VA-HB378-2026 (as of 2026-11-06).