Virginia 2026 Session Status: Introduced

HB188 — Income tax, state; establishes a new income tax bracket beginning in taxable year 2026.

Last action — Incorporated by Finance (HB979-Watts) (Voice Vote)

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House of Delegates. Introduced January 07, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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Summary

Income tax, state; establishes a new income tax bracket beginning in taxable year 2026.

Bill Text

We don't have the full text on file for this bill yet.

Read HB188 on the official Virginia source →

How this bill changes current law

40 changes Share ↗

Compared against the Code of Virginia as published AI-generated reading aid — verify against the official bill.

This bill amends 2 section(s) of the Code of Virginia: 58.1-320, 58.1-320.1.

  • 58.1-320

    Two

    Strikes “Two”.

  • 58.1-320

    1. For taxable years beginning before January 1

    Inserts “1. For taxable years beginning before January 1”.

  • 58.1-320

    , 2026, two

    Inserts “, 2026, two”.

  • 58.1-320

    Three

    Strikes “Three”.

  • 58.1-320

    three

    Inserts “three”.

  • 58.1-320

    Five percent on income in excess of $5,000, but not in excess of $12,000 for taxable years beginning before January 1, 1987;

    Strikes “Five percent on income in excess of $5,000, but not in excess of $12,000 for taxable years beginning before January 1, 1987;”.

  • 58.1-320

    Five percent on income in excess of $5,000 but not in excess of $14,000 for taxable years beginning January 1, 1987, through December 31, 1987;

    Strikes “Five percent on income in excess of $5,000 but not in excess of $14,000 for taxable years beginning January 1, 1987, through December 31, 1987;”.

  • 58.1-320

    Five percent on income in excess of $5,000 but not in excess of $15,000 for taxable years beginning January 1, 1988, through December 31, 1988;

    Strikes “Five percent on income in excess of $5,000 but not in excess of $15,000 for taxable years beginning January 1, 1988, through December 31, 1988;”.

  • 58.1-320

    Five percent on income in excess of $5,000 but not in excess of $16,000 for taxable years beginning January 1, 1989, through December 31, 1989;

    Strikes “Five percent on income in excess of $5,000 but not in excess of $16,000 for taxable years beginning January 1, 1989, through December 31, 1989;”.

  • 58.1-320

    Five

    Strikes “Five”.

  • 58.1-320

    five

    Inserts “five”.

  • 58.1-320

    for taxable years beginning January 1, 1990

    Strikes “for taxable years beginning January 1, 1990”.

  • 58.1-320

    Five and three-quarters percent on income in excess of $12,000 for taxable years beginning before January 1, 1987;

    Strikes “Five and three-quarters percent on income in excess of $12,000 for taxable years beginning before January 1, 1987;”.

  • 58.1-320

    Five and three-quarters percent on income in excess of $14,000 for taxable years beginning January 1, 1987, through December 31, 1987;

    Strikes “Five and three-quarters percent on income in excess of $14,000 for taxable years beginning January 1, 1987, through December 31, 1987;”.

  • 58.1-320

    Five and three-quarters percent on income in excess of $15,000 for taxable years beginning January 1, 1988, through December 31, 1988;

    Strikes “Five and three-quarters percent on income in excess of $15,000 for taxable years beginning January 1, 1988, through December 31, 1988;”.

  • 58.1-320

    Five and three-quarters percent on income in excess of $16,000 for taxable years beginning January 1, 1989, through December 31, 1989;

    Strikes “Five and three-quarters percent on income in excess of $16,000 for taxable years beginning January 1, 1989, through December 31, 1989;”.

  • 58.1-320

    Five

    Strikes “Five”.

  • 58.1-320

    five

    Inserts “five”.

  • 58.1-320

    for taxable years beginning on and after January 1, 1990

    Strikes “for taxable years beginning on and after January 1, 1990”.

  • 58.1-320

    2. For taxable years beginning on and after January 1, 2026, two percent on income not exceeding $3,000; three percent on income in excess of $3,000 but not in excess of $5,000; five percent on income in excess of $5,000 but not in excess of $17,000; five and three-quarters percent on income in excess of $17,000 but not in excess of $1

    Inserts “2. For taxable years beginning on and after January 1, 2026, two percent on income not exceeding $3,000; three percent on income in excess of $3,000 but not in excess of $5,000; five percent on income in excess of $5,000 but not in excess of $17,000; five and three-quarters percent on income in excess of $17,000 but not in excess of $1”.

  • 58.1-320

    million

    Inserts “million”.

  • 58.1-320

    ; and 10 percent on income in excess of $1

    Inserts “; and 10 percent on income in excess of $1”.

  • 58.1-320

    million

    Inserts “million”.

  • 58.1-320

    .

    Inserts “.”.

  • 58.1-320.1

    A.

    Inserts “A.”.

  • 58.1-320.1

    From the

    Inserts “From the”.

  • 58.1-320.1

    revenue collected on income

    Inserts “revenue collected on income”.

  • 58.1-320.1

    in excess of $1 million

    Inserts “in excess of $1 million”.

  • 58.1-320.1

    taxed at the rate of

    Inserts “taxed at the rate of”.

  • 58.1-320.1

    10

    Inserts “10”.

  • 58.1-320.1

    percent pursuant to

    Inserts “percent pursuant to”.

  • 58.1-320.1

    subdivision 2 of

    Inserts “subdivision 2 of”.

  • 58.1-320.1

    § 58.1-320

    Inserts “§ 58.1-320”.

  • 58.1-320.1

    ,

    Inserts “,”.

  • 58.1-320.1

    four and one-quarter

    Inserts “four and one-quarter”.

  • 58.1-320.1

    percent

    Inserts “percent”.

  • 58.1-320.1

    of such revenue

    Inserts “of such revenue”.

  • 58.1-320.1

    shall be apportioned as follows:

    Inserts “shall be apportioned as follows:”.

  • 58.1-320.1

    1.

    Inserts “1.”.

  • 58.1-320.1

    Fifty percent of

    Inserts “Fifty percent of”.

Action History

  1. H Incorporated by Finance (HB979-Watts) (Voice Vote)

  2. H Placed on Finance Agenda

  3. H Subcommittee recommends incorporating (Voice Vote)

  4. H Assigned HFIN sub: Subcommittee #3

  5. H Fiscal Impact statement From TAX (1/30/2026 1:24 pm)

  6. H Placed on Finance Agenda

  7. H Referred to Committee on Finance

  8. H Prefiled and ordered printed; Offered 01-14-2026 26101862D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HB188 do?
Income tax, state; establishes a new income tax bracket beginning in taxable year 2026.
Who sponsors HB188?
HB188 is sponsored by Kelly K. Convirs-Fowler.
What is the current status of HB188?
This bill has been introduced in the House of Delegates. Introduced January 07, 2026. It must pass committee before a floor vote.
Where can I track HB188?
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Last checked for changes 4 months ago · updated continuously

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