VirginiaNet investment income tax; imposes a tax on individuals, trusts, and estates.
What it does
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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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 (10-Y 0-N)
- Vote recorded Subcommittee recommends laying on the table. Result: pass.Lower
- Feb 2House subcommittee offered
- Feb 1Fiscal Impact statement From TAX (2/1/2026 10:04 am)
- Jan 12Referred to Committee on FinanceMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26103780DIntroduced