| VA | HB473 | Intro
25% | Income tax; interest; employer retention credit. Provides authority to the Tax Commissioner to waive interest on taxpayers that received a federal employer retention tax credit. Such waiver shall only be permissible if the taxpayer was eligible for a...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB771 | Intro
25% | Content manufacturing tax credit. Removes the sunset for the motion picture tax credit, which currently is set to expire after taxable year 2026, and expands and redesignates the tax credit as the content manufacturing tax credit. The bill increases ...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB491 | Intro
25% | Virginia taxable income; subtractions; volunteer firefighters and volunteer emergency medical services personnel. Provides a state income tax subtraction of $2,000 per taxable year for bona fide volunteers who perform qualifying services, defined in ...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB551 | Intro
25% | Corporate income tax; apportionment. Allows, for taxable years beginning on and after January 1, 2024, for corporations to apportion their income to the Commonwealth using the single sales factor method. The bill provides that such apportionment meth...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB541 | Intro
25% | Income tax; deduction for qualified business income. Establishes, beginning with tax year 2024, an individual income tax deduction in an amount equal to 50 percent of certain federal qualified business income deductions, excluding qualified real esta...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB518 | Intro
25% | Income tax; Foreign Service retirement benefits subtraction. Establishes for certain individuals receiving Foreign Service retirement benefits an income tax subtraction of such benefits up to $5,000 in taxable year 2024, up to $10,000 in taxable year...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB396 | Intro
25% | Birth of dependent household member tax deduction. Allows an income tax deduction for the birth of a dependent member of a taxpayer's household that occurs during the taxable year, beginning in taxable year 2024. The bill provides that the deduction ...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB660 | Intro
25% | Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia stat...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB549 | Intro
25% | Real property taxes; notice by mail of proposed increase. Requires localities, after conducting a reassessment of real estate, to provide notice to property owners by mail of certain information prior to adopting a tax rate that would increase the am...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB387 | Intro
25% | Tax credit for vehicle emissions testing equipment; certain vehicles. Allows a corporation, individual, or public service corporation a tax credit equal to 10 percent of the purchase price of a vehicle with an internal combustion engine that is princ...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB384 | Intro
25% | Tangible personal property tax; indoor agriculture equipment and machinery. Specifies that farm machinery, farm equipment, and farm implements used by an indoor, closed, controlled-environment commercial agricultural facility are a class of farm mach...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB616 | Intro
25% | Sales tax; additional local tax for schools; City of Newport News. Adds the City of Newport News to the list of localities that are authorized to impose an additional local sales tax at a rate not to exceed one percent in order to provide revenue for...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB695 | Intro
25% | Short-term rentals; registration; civil penalty. Directs the Department of Taxation to establish a registry of short-term rental properties and require accommodations providers and intermediaries to register. Under the bill, an accommodations provide...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB724 | Intro
25% | Personal property taxation rates; restrictions and conditions. Restricts differences in the rates of taxation of personal property for taxpayers who are elderly or handicapped to owners of motor vehicles (i) whose income does not exceed the greater o...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB854 | Intro
25% | Rate of tax on gasoline and diesel fuel. Lowers the rate of tax on gasoline and diesel fuel on July 1, 2024, from 26.2 cents per gallon to 21.2 cents per gallon on gasoline and from 27 cents per gallon to 20.2 cents per gallon on diesel fuel, which a...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB810 | Intro
25% | Nonfamily adoption tax credit. Creates a $4,000 nonrefundable tax credit for taxable years 2024 through 2028 for an individual or married persons who, during the taxable year, finalize a legal nonfamily adoption as defined in the bill.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB875 | Intro
25% | Classification of tangible personal property; automobile assessment. Provides that, for so long as the Regulation for Low Emissions and Zero Emissions Vehicle Standards remains in effect, the fair market value of an automobile with an internal combus...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1223 | Intro
25% | Land preservation tax credit; maximum amount increase. Increases from $75 million to $100 million, beginning in 2024, the maximum amount of land preservation tax credits that may be issued in a calendar year.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1183 | Intro
25% | Land preservation tax credit; maximum amount increase. Increases from $75 million to $100 million, beginning in 2024, the maximum amount of land preservation tax credits that may be issued in a calendar year.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1036 | Intro
25% | Local tax authority; nicotine vapor products. Authorizes localities by ordinance to impose a sales and use tax on nicotine vapor products, defined in the bill to include liquid nicotine in closed and open systems, as such terms are defined in the bil...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1159 | Intro
25% | Individual income tax; distribution of revenues; local school construction. Requires distribution of one percent of the individual income tax revenues collected from residents of a locality to be distributed to that locality. The bill requires such f...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB973 | Intro
25% | Tangible personal property tax; classification; satellite equipment. Restricts the special classification for tangible personal property that is used in manufacturing, testing, or operating satellites within a Multicounty Transportation Improvement D...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1004 | Intro
25% | Real property tax; notice of summary budget. Directs the governing body of every locality to send by mail, along with the annual property tax bill, a summary of the locality's budget for each of the two previous fiscal years. If the property tax bill...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1407 | Intro
25% | Income tax subtraction; military retirement benefits; uniformed services. Expands the definition of "military benefits" to include an income tax subtraction of retirement income received for service in the uniformed services of the United States, whi...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1160 | Intro
25% | Portable benefit accounts; tax credit. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, credit u...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB1156 | Intro
25% | Real property tax; permanent and total disability; definition. Amends the definition of "permanently and totally disabled" for the purposes of real property tax exemptions to include those individuals who are blind or have uncorrectable vision loss t...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1180 | Intro
25% | Tax credit; eligible education expenses; home instruction and private education. Creates a tax credit for taxable years 2024 through 2028 that may be claimed by any parent of a child who receives home instruction or attends a private elementary or se...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1045 | Intro
25% | Elections; campaign finance; Public Campaigns Program and Fund established; tax check-off. Establishes the Public Campaigns Program within the Department of Elections for the purpose of providing matching payments of public money to participating can...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB1137 | Intro
25% | Virginia income tax subtractions; disability income. Allows an individual who claims an income tax subtraction for disability income to also claim an income tax deduction for taxpayers age 65 and older.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1262 | Intro
25% | Local sales tax entitlement; blighted retail district. Entitles a blighted retail district in Stafford County that undergoes a major reconstruction or renovation involving a capital investment of at least $15 million to the one percent local sales ta...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1308 | Intro
25% | Tangible personal property tax relief; rate of taxation. Removes the $950 million cap, beginning in tax year 2025 and all tax years thereafter, on the amount of tangible personal property tax relief reimbursed to localities by the Commonwealth. The b...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1297 | Intro
25% | Recordation tax revenues; land protection and preservation. Provides that beginning July 1, 2026, after required distributions for transportation and localities under current law, up to $200 million of the remaining recordation tax revenues shall be ...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB1380 | Intro
25% | Real property tax; assessment of real property used for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housing in accordance with the income approach, as described by the bill. The bi...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1275 | Intro
25% | Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years 2024 through 2028 for amounts paid by the parent or legal guardian of a child for the child's home instruction expenses or tuitio...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1234 | Intro
25% | Eligible educator income tax deduction; home school instruction income tax credit. Increases from $500 to $1,500 for tax years 2024 through 2026 the amount of income tax deduction certain eligible educators may deduct for qualifying expenses. The b...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1328 | Intro
25% | Transient occupancy taxes; administration. Makes changes to the administration of transient occupancy taxes by requiring the Department of Taxation, instead of the locality, to collect such taxes. The bill directs accommodations intermediaries to fil...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1327 | Intro
25% | Income tax subtractions; Virginia National Guard military pay. Creates an income tax subtraction for military pay received by an individual for active service in the Virginia National Guard during either (i) an out-of-state deployment or (ii) a state...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HJR58 | Intro
25% | Constitutional amendment (first reference); tax and finance; exempt property; affordable housing tax exemption. Provides that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to pr...
[Detail][Text][Discuss] | 2024-02-13
To House Privileges and Elections Committee |
| VA | HB1411 | Intro
25% | Motor vehicle sales and use tax; definition of sale price. Excludes from the sale price for determining motor vehicle sales and use tax the amount of any credit given by the seller for any motor vehicle taken as a trade-in.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1394 | Intro
25% | Income tax subtraction; unlawful discrimination. Provides an income tax subtraction for any amount received by a claimant for noneconomic damages as a result of unlawful discrimination, defined in the bill, for taxable years beginning on and after Ja...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1400 | Intro
25% | Retail sales and use tax; commercial and industrial exemptions; sunset. Extends the sunset from July 1, 2024, to June 30, 2025, for the retail sales and use tax exemption of certain materials and equipment used in the drilling, extraction, or process...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1447 | Intro
25% | Pass-through entity tax; penalty waiver. Directs the Department of Taxation to waive penalties imposed on any pass-through entity paying the pass-through entity income tax for taxable years beginning on and after January 1, 2021, but before January 1...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1444 | Intro
25% | Distribution of state sales and use tax based on the population of cities and counties ages five to 19 and for the state's share of Standards of Quality basic aid payments.
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB1478 | Intro
25% | Casino gaming; cruise ships. Authorizes the conduct of cruise ship casino gaming in the offshore waters of the Commonwealth by a cruise ship operator that applies for and receives a permit from the Virginia Lottery. The bill sets an annual permit fee...
[Detail][Text][Discuss] | 2024-02-13
To House General Laws Committee |
| VA | HB1507 | Intro
25% | Penalties and interest associated with the filing of tax returns or payment of taxes.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1527 | Intro
25% | Electric vehicle charging equipment tax credit. Provides an income tax credit for the costs of installing electric vehicle charging equipment at a gas station. The credit shall extend for five years once claimed. For the first year of the credit, the...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1437 | Intro
25% | Sales tax; school construction. Adds the City of Portsmouth to the list of localities that, under current law, are authorized to impose an extra one percent local sales tax to provide revenue for constructing or renovating schools.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1517 | Intro
25% | Adoption tax credit. Creates a tax credit for taxable years 2024 through 2028 that may be claimed by an individual or married couple filing jointly for qualified adoption expenses, as defined in the bill. The bill imposes certain limitations on who m...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB447 | Intro
25% | Motor vehicle rental and peer-to-peer vehicle sharing tax; disposition. Redirects revenues derived from motor vehicle rental and peer-to-peer vehicle sharing taxes from the Commonwealth Transportation Fund to the Special Fund for Administration of Av...
[Detail][Text][Discuss] | 2024-02-08
To House Transportation Committee |
| VA | HB88 | Intro
25% | Virginia taxable income; standard deduction. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
