Virginia · 2026 Regular Session · Bill
HB 405: Health Insurance Premium Stabilization Tax Credit Act; established, report.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 405 is a bill introduced in the Virginia House on January 12, 2026. According to its official title, it concerns: Health Insurance Premium Stabilization Tax Credit Act; established, report. Primary sponsor: David Reid (Democratic). Most recent recorded action (February 18, 2026): Left in Finance.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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. 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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Reid | Primary sponsor | Democratic | House | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Finance
- Subcommittee recommends laying on the table (8-Y 2-N)
- Fiscal Impact statement From TAX (2/1/2026 10:08 pm)
- Fiscal Impact statement From TAX (2/1/2026 2:58 pm)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-14-2026 26101207D