HB378Introduced in the House of Delegates
Net investment income tax; imposes a tax on individuals, trusts, and estates.
Introduced by Elizabeth Bennett-Parker, District 5
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Net investment income tax. Imposes a net investment income tax on individuals, trusts, and estates beginning in taxable year 2027. The tax is generally equal to 3.8 percent of the lesser of (i) net investment income, defined in the bill, for the taxable year or (ii) federal modified adjusted gross income, defined in the bill, for such taxable year reduced by $500,000.
Where it stands
Left in Finance
February 18, 2026
How did lawmakers vote?
House of DelegatesStage: Subcommittee recommends laying on the table (10-Y 0-N) · February 2, 2026
10
Yes
0
No
0
Absent or Not Voting
10 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Gretchen Bulova | 11 | Yes |
| Michelle Maldonado | 20 | Yes |
| Will Davis | 39 | Yes |
| Joseph McNamara | 40 | Yes |
| Katrina Callsen | 54 | Yes |
| Hyland Fowler | 59 | Yes |
| Debra Gardner | 76 | Yes |
| Kimberly Pope Adams | 82 | Yes |
| Bonita Anthony | 92 | Yes |
| Phil Hernandez | 94 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26103780D
Referred to Committee on Finance
Fiscal Impact statement From TAX (2/1/2026 10:04 am)
House subcommittee offered
Subcommittee recommends laying on the table (10-Y 0-N)
Left in Finance
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