SB 775: Insurance; increases fees for vehicles, etc.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Insurance; Fire Programs Fund; fees for vehicles; Virginia At Risk Fire Grant Program established; Firefighter Personal Protective Equipment (PPE) Fund established. Increases the fire insurance assessment from one percent of total direct gross premium income for such insurance to (i) 1.5 percent on and after July 1, 2026, but before July 1, 2027, and (ii) two percent on and after July 1, 2027. The bill also increases the vehicle registration fee used to provide support for emergency medical services from $4.25 to $6.25 for each pickup or panel truck and each motor vehicle. The bill also establishes (a) the Virginia At Risk Fire Grant Program, to be funded by 0.25 percent of the assessments on insurance companies, for the purposes of providing grants to localities with fire departments that are determined to be most at risk of being unable to provide fire suppression or rescue activities or maintain compliance with relevant laws and regulations and (b) the Firefighter Personal Protective Equipment (PPE) Fund, for the purpose of purchasing breathing apparatus equipment and other non-vehicular equipment necessary for the protection of firefighters responding to a fire.

Sponsors

Sponsors by party (alphabetical): Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 11, 2026Continued to next session in Finance and Appropriations (15-Y 0-N)
2. February 3, 2026Fiscal Impact Statement from Department of Planning and Budget (SB775)
3. February 2, 2026Reported from Commerce and Labor and rereferred to Finance and Appropriations (13-Y 0-N)
4. January 22, 2026Referred to Committee on Commerce and Labor
5. January 22, 2026Presented and ordered printed 26104610D