Subject Taxation | Current
| State | Bill | Summary/Title | Last Action |
|---|---|---|---|
| VA | SB403 | Land preservation tax credit; working farmers. Increases the land preservation tax credit from 40 percent to 50 percent of the fair market value of the conveyance for working farmers, for tax years beginning on or after January 1, 2013. [Detail][Text] | 2012-11-30 |
| VA | SB505 | Combined heat and power facilities; incentives. Provides that combined heat and power facilities that meet the output and efficiency qualifications for the federal combined heat and power tax credit are eligible for a performance incentive of 200 bas... [Detail][Text] | 2012-11-30 |
| VA | SB567 | Low-income and student toll tax credit. Establishes a tax credit for students and low-income persons who have an E-ZPass or who pay tolls. The amount of the credit is capped at $1,000 per qualified taxpayer. [Detail][Text] | 2012-11-30 |
| VA | SB642 | Sales and use tax; lottery tickets. Amends the definition of "retail sale" to include lottery tickets, for purposes of the imposition of the sales and use tax. [Detail][Text] | 2012-11-30 |
| VA | SB671 | Retail sales and transient occupancy taxes on room rentals. Provides that retail sales and hotel taxes on transient room rentals are computed based upon the total charges or the total price paid for the use or possession of the room. For those cases ... [Detail][Text] | 2012-11-30 |
| VA | SB673 | Income Tax. Deconforms Virginia income tax laws from two provisions of the Patient Protection and Affordable Care Act that otherwise would increase the state income tax. [Detail][Text] | 2012-11-30 |
| VA | SJR74 | Constitutional amendment (first resolution); real property tax exemption for certain surviving spouses of disabled veterans. Expands the real property tax exemption for the primary residence of a surviving spouse of a disabled veteran, to include the... [Detail][Text] | 2012-11-30 |
| VA | SJR85 | Study; JLARC to study phase-out of the corporate income tax; report. Directs the Joint Legislative Audit and Review Commission to study and make recommendations as to how best to phase out the corporate income tax over a period of eight years. [Detail][Text] | 2012-11-30 |
| VA | HB111 | Small business job creation tax credit. Creates an individual and corporate income tax credit beginning January 1, 2012, for small businesses creating new full-time jobs in the Commonwealth. The credit would equal $1,000 for each new job created. A s... [Detail][Text] | 2012-11-29 |
| VA | HB130 | Individual income tax; military retirement pay subtraction. Establishes an individual income tax subtraction for annual retirement compensation received for service as a member of the Armed Forces of the United States or the Virginia National Guard. ... [Detail][Text] | 2012-11-29 |
| VA | HB131 | Individual income tax credit; disabled military veterans. Establishes an individual income tax credit beginning with the 2012 taxable year for veterans with a military service-connected disability. The credit would be computed by multiplying the vete... [Detail][Text] | 2012-11-29 |
| VA | HB149 | Corporate income tax; lower rate for certain businesses. Reduces the corporate income tax rate from six percent to three percent for the first three years after a business located outside Virginia opens a satellite office in a Virginia locality with ... [Detail][Text] | 2012-11-29 |
| VA | HB191 | Tax credit for small businesses hiring graduates of Virginia's colleges. Creates, beginning January 1, 2012, an individual and corporate income tax credit for certain small businesses creating new full-time jobs that are filled by persons holding ass... [Detail][Text] | 2012-11-29 |
| VA | HB228 | Tax credit for contracting with small or minority-owned, veteran-owned, or women-owned businesses. Establishes a corporate income tax credit beginning January 1, 2013, for federal contractors with at least 250 full-time employees that subcontract wit... [Detail][Text] | 2012-11-29 |
| VA | HB230 | Alcoholic beverage control; suspension of license for local tax delinquency. Provides that upon receipt by the ABC Board of a notice certified by the treasurer, commissioner of the revenue, or finance director of any locality that a licensee of the A... [Detail][Text] | 2012-11-29 |
| VA | HB248 | Corporate income tax. Eliminates Virginia's corporate income tax for taxable years beginning on and after January 1, 2013. [Detail][Text] | 2012-11-29 |
| VA | HB456 | Riparian forest tax credit; refund. Makes the existing tax credit for riparian forest buffer protection for waterways refundable. Currently, the tax credit may be carried forward for five taxable years, but is not refundable. [Detail][Text] | 2012-11-29 |
| VA | HB505 | Income tax; long-term care insurance credit. Increases the amount of the credit an individual may claim for long-term care insurance premiums from 15 percent to 30 percent of the amount of the premiums paid. The bill would be effective for taxable ye... [Detail][Text] | 2012-11-29 |
| VA | HB517 | Individual income tax deductions; life, medical, and dental insurance premiums. Creates individual income tax deductions beginning January 1, 2012, for (i) life insurance premiums paid by the individual for a life insurance policy covering him and (i... [Detail][Text] | 2012-11-29 |
| VA | HB514 | Tax credits for costs to comply with excessive state regulations. Establishes a tax credit beginning January 1, 2012, for the direct costs of a business attributable to its location in the Commonwealth to comply with excessive state regulations. The ... [Detail][Text] | 2012-11-29 |
| VA | HB518 | Individual income tax deductions; life, medical, and dental insurance premiums. Provides that beginning January 1, 2012, an individual age 66 or older with earned income of at least $20,000 for the year is allowed to deduct the amount he pays annuall... [Detail][Text] | 2012-11-29 |
| VA | HB720 | Worker retraining tax credit; increase in credit amount. Increases the worker retraining tax credit for worker retraining courses taken by employees at private schools from a maximum of $100 per year per employee to $250 per year per employee or $500... [Detail][Text] | 2012-11-29 |
| VA | HB787 | Sales and use tax exemption; renewable energy equipment. Provides refunds of sales and use tax paid on the purchase of certain renewable energy equipment. [Detail][Text] | 2012-11-29 |
| VA | HB819 | Virginia College Savings Plan; acceptance of commemorative coins minted by the State Treasurer. Requires the Plan to accept as payment under prepaid tuition contracts and savings trust accounts gold, platinum, or silver coins minted by the State Trea... [Detail][Text] | 2012-11-29 |
| VA | HB832 | Distribution of sales tax revenue to localities based on school-age population. Permits local school divisions that make the determination that the annual estimate of school-age population within the division provided by the Weldon Cooper Center for ... [Detail][Text] | 2012-11-29 |
| VA | HB862 | Individual income tax deduction for tolls. Establishes an individual income tax deduction beginning with the 2013 taxable year for tolls paid for the use of a publicly owned and publicly operated highway located in the Commonwealth. [Detail][Text] | 2012-11-29 |
| VA | HB883 | Income tax credit; solar energy equipment systems. Provides a personal and corporate income tax credit beginning January 1, 2012, for the purchase and installation of equipment that (i) generates electricity from solar energy or (ii) uses solar energ... [Detail][Text] | 2012-11-29 |
| VA | HB999 | Tax credit for individual who teleworks. Creates a $500 credit for an individual who teleworks a minimum of 20 hours per week during at least 45 weeks of the year. The credit is available for taxable years beginning on or after January 1, 2012, but b... [Detail][Text] | 2012-11-29 |
| VA | HB1000 | Telework expenses tax credit. Raises the cap on the aggregate amount of tax credits available in calendar years 2012 and 2013 for telework expenses from $1 million to $1.5 million. The bill also raises the cap on the amount of credits that can be cla... [Detail][Text] | 2012-11-29 |
| VA | HB1006 | Home school instruction tax credit. Creates an individual income tax credit beginning January 1, 2012, for amounts paid by a parent or legal guardian for his child for home instruction-related materials and correspondence courses or distance learning... [Detail][Text] | 2012-11-29 |
| VA | HB1079 | Local cigarette tax. Prohibits any locality from restricting the owner of a business from transferring stamped cigarettes he legally possesses from one of his business locations to another of his business locations. The bill contains technical amendm... [Detail][Text] | 2012-11-29 |
| VA | HB1081 | Local taxes on cigarettes; administration and enforcement. Repeals the statute authorizing localities to utilize specific methods in administering and enforcing local taxes on cigarettes. [Detail][Text] | 2012-11-29 |
| VA | HB1155 | Taxation of trusts established for disabled individuals. Establishes an individual income tax deduction not to exceed $2,000 for the fair market value of contributions made during the taxable year to certain supplemental needs trusts established for ... [Detail][Text] | 2012-11-29 |
| VA | HB908 | Land preservation tax credit; application for credits prior to any donation. Provides that beginning January 1, 2013, a donor would be given the option to apply to the Department of Taxation for land preservation tax credits prior to making any donat... [Detail][Text] | 2012-11-29 |
| VA | HB1041 | Tax credit for hiring military veterans. Establishes beginning January 1, 2012, an individual and corporate income tax credit for taxpayers hiring returning or disabled military veterans into new jobs paying an annual salary of at least $50,000. Retu... [Detail][Text] | 2012-11-29 |
| VA | HB1049 | Income tax; STEM (science, technology, engineering, or mathematics) internship tax credit. Establishes an individual and corporate income tax credit for taxpayers employing persons in STEM internship positions in the Commonwealth. The bill requires t... [Detail][Text] | 2012-11-29 |
| VA | HB1050 | Income tax; tax credit for hiring military persons as STEM (science, technology, engineering, or mathematics) interns. Establishes an individual and corporate income tax credit for taxpayers employing military persons in STEM internship positions in ... [Detail][Text] | 2012-11-29 |
| VA | HB1194 | Farm wineries and vineyards tax credit. Raises the total annual amount of tax credits available under the farm wineries and vineyards tax credit to $500,000 for tax years beginning on or after January 1, 2012. [Detail][Text] | 2012-11-29 |
| VA | HB1256 | Condominium Act; Property Owners' Association Act; lien for assessments; priority. Provides that such portion of the unpaid assessments due and owing the association for a period not to exceed three years that is attributable to providing the mainten... [Detail][Text] | 2012-11-29 |
| VA | HB1267 | Corporate income tax; combined reporting requirements. Requires, for taxable years beginning on or after January 1, 2013, combined reporting for corporate income tax purposes. [Detail][Text] | 2012-11-29 |
| VA | HB1268 | Land preservation tax credit. Reduces from $100,000 to $50,000 the amount of the land preservation tax credit that may be claimed for taxable years 2012 and 2013. Any taxpayer affected by the credit reduction would be allowed two additional taxable y... [Detail][Text] | 2012-11-29 |
| VA | HB1170 | Income tax credits. Grants an income tax credit for taxable years beginning on or after January 1, 2012, to individuals for placing into service renewable energy property. Individuals placing into service solar panels would be allowed a tax credit as... [Detail][Text] | 2012-11-29 |
| VA | SB114 | Exemptions for nonprofit entities; veterans organizations. Adds veterans organizations to those nonprofit entities that can qualify for sales and use tax exemption. [Detail][Text] | 2012-11-29 |
| VA | SB341 | Income tax; long-term care insurance credit. Increases the amount of the credit an individual may claim for long-term care insurance premiums from 15 percent to 30 percent of the amount of the premiums paid. The bill would be effective for taxable ye... [Detail][Text] | 2012-11-29 |
| VA | SB452 | Charitable gaming; network bingo. Authorizes the conduct of a new charitable game known as network bingo. The bill sets out the terms and conditions under which network bingo may be conducted, provides for the licensing of network bingo network provi... [Detail][Text] | 2012-11-29 |
| VA | HB82 | Real property tax; land use valuation. Provides that roll-back taxes shall not apply to real property that loses its designation as devoted to agricultural or horticultural use because of excavation of sand or gravel on it, provided that such propert... [Detail][Text] | 2012-11-29 |
