VirginiaHealth Insurance Premium Stabilization Tax Credit Act; established, report.
What it does
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 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.
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 18Left in FinanceLatest
- Feb 2Subcommittee recommends laying on the table (8-Y 2-N)
- Vote recorded Subcommittee recommends laying on the table. Result: pass.Lower
- Feb 1Fiscal Impact statement From TAX (2/1/2026 10:08 pm)
- Feb 1Fiscal Impact statement From TAX (2/1/2026 2:58 pm)
- Jan 12Referred to Committee on FinanceMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26101207DIntroduced