HB 372 Virginia 2027 session
Income tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.
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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
In committee — last recorded action July 21, 2026
Continued from last session
Passage likelihood
42% Comparable to other bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 20% of introduced state bills are enacted.
- Current stage Referred to committee.
- Cosponsors 19 cosponsors.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Continued from last session
- Continued to next session in Finance (Voice Vote)
- Subcommittee recommends continuing to (Voice Vote)
- Assigned HFIN sub: Subcommittee #3
- Fiscal Impact statement From TAX (1/18/2026 5:51 pm)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-14-2026 26102368D