HB 243 Virginia House of Delegates · 2026 Regular Session

Corporate welfare tax; imposes on large employers a tax equal to 100% of qualified employee benefit.

Summary
Corporate welfare tax. Imposes on large employers, as defined in the bill, a corporate welfare tax equal to 100 percent of the qualified employee benefits received by any employees of such large employer residing in the Commonwealth. The bill directs the Department of Taxation to obtain identifying data for individuals receiving qualified federal benefits, as defined by the bill, from the Department of Social Services pursuant to an interagency agreement and to compare such data to employment rosters received quarterly from large employers to determine the amount of qualified federal benefits received by employees of such large employers. The bill also prohibits an employer, in connection with the selection or referral of applicants or candidates for employment, to make inquiries or otherwise seek information relating to whether such applicant receives qualified federal benefits.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2026 Last action Feb 11, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
3
Feb 9, 2026
Lower · Passed
Subcommittee recommends continuing to (Voice Vote)
lower
Feb 5, 2026
Committee
Assigned HFIN sub: Subcommittee #1
lower
Jan 8, 2026
Committee
Referred to Committee on Finance
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Josh Cole
Josh Cole
DDemocratic
VA
65