HB405Introduced in the House of Delegates
Health Insurance Premium Stabilization Tax Credit Act; established, report.
Introduced by David Reid, District 28
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Left in Finance
February 18, 2026
How did lawmakers vote?
House of DelegatesStage: Subcommittee recommends laying on the table (8-Y 2-N) · February 2, 2026
8
Yes
2
No
1
Absent or Not Voting
11 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 |
| Vivian Watts | 14 | Yes |
| Michelle Maldonado | 20 | Yes |
| Will Davis | 39 | No |
| Joseph McNamara | 40 | Absent |
| Katrina Callsen | 54 | Yes |
| Hyland Fowler | 59 | No |
| Debra Gardner | 76 | Yes |
| Kimberly Pope Adams | 82 | Yes |
| Bonita Anthony | 92 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26101207D
Referred to Committee on Finance
Fiscal Impact statement From TAX (2/1/2026 2:58 pm)
Fiscal Impact statement From TAX (2/1/2026 10:08 pm)
Subcommittee recommends laying on the table (8-Y 2-N)
Left in Finance
Verify the information
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