Virginia 2027 Regular Session Status: In Committee

HB 372 — Income tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.

Last action — Continued from last session

  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 is in committee in the House of Delegates. Introduced January 12, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House of Delegates.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 24% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 20 sponsors

    1 primary, 19 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill makes a temporary increase in the earned income tax credit permanent.

This legislation removes the expiration date for an increased refundable earned income tax credit in Virginia, raising it from 15% to 20% of the federal amount. This change means that eligible taxpayers can rely on this higher credit without worry of it expiring in 2027.

What this means for you
  • Families: For families, this means a more reliable financial benefit, helping to ease the burden of taxes each year.

Summary

Earned income tax credit. Removes the sunset from and makes permanent the increase in Virginia's refundable earned income tax credit from 15 percent to 20 percent of the allowable federal earned income tax credit. Under current law, the Virginia refundable earned income tax credit expires in taxable year 2027, and Virginia's nonrefundable earned income tax credit, which has no expiration date, is equal to 20 percent of the federal credit.

Bill Text

How this bill changes current law

2 changes Share ↗

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

This bill amends 1 section(s) of the Code of Virginia: 58.1-339.8.

  • 58.1-339.8

    but before January

    Strikes “but before January”.

  • 58.1-339.8

    1, 2027

    Strikes “1, 2027”.

Action History

  1. Continued from last session

  2. Continued to next session in Finance (Voice Vote)

  3. Subcommittee recommends continuing to (Voice Vote)

  4. Assigned HFIN sub: Subcommittee #3

  5. Fiscal Impact statement From TAX (1/18/2026 5:51 pm)

  6. Referred to Committee on Finance

  7. Prefiled and ordered printed; Offered 01-14-2026 26102368D

Sponsors

Sponsorship breakdown

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1 sponsors · 19 co-sponsors · 128 not signed on

Sponsors (1)

Co-sponsors (19)

Not signed on (128)

128 members have not signed on to this bill.

Show all 128 →

"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
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 372 do?
Earned income tax credit. Removes the sunset from and makes permanent the increase in Virginia's refundable earned income tax credit from 15 percent to 20 percent of the allowable federal earned income tax credit. Under current law, the Virginia refundable earned income tax credit expires in taxable year 2027, and Virginia's nonrefundable earned income tax credit, which has no expiration date, is equal to 20 percent of the federal credit.
Who sponsors HB 372?
HB 372 is sponsored by Jessica L. Anderson, Lamont Bagby, Shelly A. Simonds, Irene Shin, Charlie Schmidt, Sam Rasoul, Paul E. Krizek, Patrick A. Hope, Rozia A. Henson, Jr., Debra D. Gardner, Nicole Cole, Joshua G. Cole, Nadarius E. Clark, Betsy B. Carr, Bonita G. Anthony, Marcia S. "Cia" Price, Elizabeth B. Bennett-Parker, Karen R. "Kacey" Carnegie, Elizabeth R. Guzman, and Michelle Lopes Maldonado.
What is the current status of HB 372?
This bill is in committee in the House of Delegates. Introduced January 12, 2026. It must pass committee before a floor vote.
Where can I track HB 372?
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