Bills Pending Virginia House Finance Committee

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VASB1425Engross

Sine Die
Sales and use tax exemption for data centers. Provides that if a data center operator qualifies for the exemption in one locality and seeks to qualify in another, it shall be required to meet a reduced job creation requirement of 25 jobs for purposes...
[Detail][Text][Discuss]
2021-03-01
To House Finance Committee
VASB1170Engross

Sine Die
Additional local sales and use tax to support schools. Adds Isle of Wight County to the list of localities that, under current law, are authorized to impose an additional local sales and use tax at a rate not to exceed one percent, with the revenue u...
[Detail][Text][Discuss]
2021-03-01
To House Finance Committee
VAHB1803Intro

Sine Die
Local credits for approved local volunteer activities. Enables localities, by ordinance, to provide a credit against taxes and fees imposed by the locality to an individual who provides approved volunteer services in the locality. As defined in the b...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB1939Intro

Sine Die
Food and beverage tax; single-serving salads. Defines the term "single-serving" for purposes of local meals or food and beverage taxes as having the same meaning as "serving" or "serving size" as those terms are defined in the Code of Federal Regulat...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB2142Intro

Sine Die
Child care tax credit. Establishes an individual nonrefundable income tax credit for taxable years 2020 and 2021 of up to $1,000 per taxable year for eligible child care expenses incurred and paid between September 1, 2020, and July 1, 2021, due to t...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB1956Intro

Sine Die
Individual income tax; late payment penalty. Provides that the Department of Taxation shall not assess a late payment penalty to the entire tax or to any unpaid balance of the income tax owed by an individual unless and until the taxpayer fails to fi...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB2050Intro

Sine Die
Virginia housing opportunity tax credit. Establishes, starting in taxable year 2021, a Virginia housing opportunity tax credit, which is equal to the amount of the federal low-income housing tax credit allocated or allowed by the Virginia Housing Dev...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB2076Intro

Sine Die
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]
2021-02-05
To House Finance Committee
VAHB2243Intro

Sine Die
Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years beginning on or after January 1, 2021, but before January 1, 2026, for amounts paid by the parent or legal guardian of a child fo...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB1955Intro

Sine Die
Income tax deduction; multigenerational households. Creates a $1,000 deduction from Virginia adjusted gross income for taxable years on and after January 1, 2021, for the head of household taxpayer or married taxpayers filing jointly of a multigenera...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB2199Intro

Sine Die
Tax credit for parents of stillborn child. Establishes a refundable income tax credit for individual filers or married persons filing jointly for taxable years on and after January 1, 2021, in an amount equal to $2,000 for each birth for which a Virg...
[Detail][Text][Discuss]
2021-02-05
To House Finance Committee
VAHB1687Intro

Sine Die
Violence Intervention and Prevention Fund and Grant Program; firearm and ammunition tax. Establishes the Violence Intervention and Prevention Fund (the Fund), to be administered by the Department of Criminal Justice Services (the Department), to dist...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1372Intro

Sine Die
Licensing of retailers of vapor products; penalty. Requires any person that engages in the retail sale of vapor products to register with the Department of Taxation as a retail dealer. The bill authorizes the Department to charge an application fee n...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1283Intro

Sine Die
Registration of tobacco products retailers; purchase, possession, and sale of tobacco products; penalties. The bill prohibits any person from selling any tobacco product at retail (i) without first obtaining a permit from the Department of Taxation a...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB739Intro

Sine Die
Corporate income tax; combined reporting requirements. Requires, for taxable years beginning on or after January 1, 2021, unitary combined reporting for Virginia corporate income tax purposes.
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1676Intro

Sine Die
Consolidated corporate income tax returns of affiliated corporations. Simplifies the process by which companies elect to switch to consolidated corporate income tax return filing status and reduces from 20 to five years the period during which the af...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB892Intro

Sine Die
Peer-to-peer vehicle sharing platforms; taxation. Provides that peer-to-peer vehicle sharing platforms, as defined in the bill, are rentors for the purposes of taxation. Peer-to-peer vehicle sharing platforms; taxation. Provides that peer-to-peer ve...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB559Intro

Sine Die
City of Norfolk; financing of an arena and facility. Grants the City of Norfolk certain powers relating to construction of an arena and facility. Among those powers is the authority to (i) issue bonds to construct the arena and facility, (ii) receive...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1120Intro

Sine Die
Taxes on tobacco products; penalties. Provides that tobacco products, defined in the bill, would be subject to tax at rates of $1.80 per pack of cigarettes or 39 percent of the wholesale price for all other tobacco products. Current law imposes taxes...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB736Intro

Sine Die
Estate tax; reinstatement. Reinstates the estate tax for persons dying on and after July 1, 2020. No estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely held business or a working far...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1698Intro

Sine Die
Sales and use tax; exemption for railroad rolling stock. Provides that the sales tax exemption for railroad rolling stock shall expire on July 1, 2021.
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB521Intro

Sine Die
Education Improvement Scholarships Tax Credits. Repeals the Education Improvement Scholarships Tax Credits. Any qualifying donations made prior to July 1, 2020, shall be eligible for the credit, including the ability to carry over the credit, as it w...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB796Intro

Sine Die
Corporate income tax; sourcing of sales other than sales of tangible personal property. Implements market-based corporate income tax sourcing for attributing sales, other than sales of tangible personal property, to Virginia beginning with taxable ye...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB93Intro

Sine Die
Sale or distribution of flavored tobacco products prohibited; civil penalty. Prohibits the sale or distribution of flavored tobacco products, defined in the bill, and creates a civil penalty of $1,000 for a first offense and $5,000 for a second or su...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1620Intro

Sine Die
Individual and corporate income tax credit; employers of National Guard members and self-employed National Guard members. Allows a tax credit for employers of National Guard members and self-employed National Guard members. Individual and corporate ...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1185Intro

Sine Die
Sale of nicotine vapor products; penalties. Limits the sale of (i) flavored nicotine vapor products, including mint and menthol but not tobacco flavors, and (ii) high-nicotine vapor products above 30 mg strength to retail establishments that sell to ...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB947Intro

Sine Die
Green development zones; investments in green technologies. Provides that a locality may grant tax incentives to businesses located in a green development zone that invest in green technologies. Under current law, such incentives may be granted only ...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB531Intro

Sine Die
Individual income tax; refundable credit for coverage under qualified health plan. Provides a refundable individual income tax credit for taxable years 2020 through 2024 for a portion of the health care premium costs of a taxpayer insured through the...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1119Intro

Sine Die
Flavored tobacco products; sale prohibited; civil penalty. Prohibits the sale, distribution, offering for sale or distribution, or causing the sale or distribution of flavored tobacco products, as that term is defined in the bill, and imposes a civil...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB960Intro

Sine Die
Additional state sales tax on firearms and ammunition; use of proceeds; Student Mental Health and Safety Fund and Program. Imposes an additional sales and use tax on the retail sale of firearms and ammunition. The amount of the tax shall be 10 percen...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1109Intro

Sine Die
Corporate income tax; combined reporting requirements; disclosures. Requires, for taxable years beginning on or after January 1, 2021, unitary combined reporting for Virginia corporate income tax purposes. The bill also requires corporations, beginni...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
VAHB1717Intro

Sine Die
Standard deduction from Virginia taxable income; increasing. Increases the standard deduction for taxable years beginning on and after January 1, 2020, but before January 1, 2026, from $4,500 to $6,000 for single individuals and from $9,000 to $12,00...
[Detail][Text][Discuss]
2020-12-04
To House Finance Committee
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