Bills Pending Virginia House Finance Committee

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VASB919EngrossSales and use tax exemption for broadband providers. Establishes a sales and use tax exemption for broadband providers that purchase technology for improving existing broadband infrastructure. The provisions of the bill are contingent on funding in a...
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2020-03-03
To House Finance Committee
VAHB708IntroBank franchise tax credit for student loan refinancing. Provides a nonrefundable credit against the bank franchise tax starting in taxable year 2020 in the amount of 20 percent of a bank's student loan refinancing expenses. The bill defines eligible ...
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2020-02-11
To House Finance Committee
VAHB735IntroVirginia income tax; indexing; Chained Consumer Price Index for All Urban Consumers. Adjusts Virginia's standard deduction beginning in taxable year 2020 by the percentage increase in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U)...
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2020-02-11
To House Finance Committee
VAHB1146IntroIncome tax credit; existing business growth. Provides a nonrefundable income tax credit equal to five percent of total corporate income taxes owed by certain small businesses in existence for at least two years that reach new full-time employee hirin...
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2020-02-11
To House Finance Committee
VAHB1345IntroCity of Richmond; arena and development project. Grants the City of Richmond certain powers relating to construction of an arena and development project and any related facilities. Among those powers is the authority to receive state sales and use ta...
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2020-02-11
To House Finance Committee
VAHB1435IntroRefundable income tax credit for low-income taxpayers. Allows low-income individuals and married persons to claim either (i) a nonrefundable income tax credit equal to $300 for each individual, his spouse, and any dependents or (ii) a refundable inco...
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2020-02-11
To House Finance Committee
VAHB633IntroTax deduction for energy-saving products. Establishes a tax deduction for the amount a taxpayer pays for energy-saving products, not to exceed $10,000. Energy-saving products are defined as being either (i) solar panels or (ii) products that meet the...
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2020-02-11
To House Finance Committee
VAHB1365IntroManufacture, sale, or distribution of imitation nicotine vapor products; penalty. Prohibits the manufacture, sale, or distribution of any imitation nicotine vapor product, defined in the bill as any (i) counterfeit nicotine vapor product, also define...
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2020-02-11
To House Finance Committee
VAHB676IntroIncome tax subtraction for retirement income of certain federal employees. Establishes, starting in taxable year 2020, an income tax subtraction for 20 percent of the retirement income of retirees covered under the federal Civil Service Retirement Sy...
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2020-02-11
To House Finance Committee
VAHB948IntroLicense taxes; prohibition on rate increases; prohibition on new taxes. Provides that any locality that levies license taxes shall be prohibited from increasing the rate of those taxes above the rate imposed as of January 1, 2020. The bill also prohi...
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2020-02-11
To House Finance Committee
VAHB926IntroIncome tax credit; employer contributions to Virginia College Savings Plan accounts. Provides a nonrefundable income tax credit for taxable years beginning on or after January 1, 2020, but before January 1, 2025, for 35 percent of expenses incurred b...
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2020-02-11
To House Finance Committee
VAHB243IntroIncome tax subtraction; veteran retirement compensation. Provides an income tax subtraction for the annual retirement compensation received by veterans for their service.
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2020-02-11
To House Finance Committee
VAHB844IntroIncome tax; state-specific itemization. Allows an individual taxpayer for taxable years 2020 through 2025 to itemize for state income tax purposes regardless of whether he itemizes on his federal return. Current law requires a taxpayer to claim the s...
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2020-02-11
To House Finance Committee
VAHB1295IntroTax on fossil fuel investments by electric utilities. Imposes a tax on investor-owned electric utilities and electric cooperatives based on the amount that the utility invests in a year on fossil fuel infrastructure. The rate of the tax starts at 2.5...
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2020-02-11
To House Finance Committee
VAHB469IntroSales and use tax exemption for menstrual supplies. Provides that menstrual cups and pads, pantyliners, sanitary napkins, tampons, and other products used to absorb or contain menstrual flow shall be fully exempt from sales and use tax. Under current...
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2020-02-11
To House Finance Committee
VAHB1019IntroMotor vehicle sales and use tax; definition of sale price; trade-in vehicles. Provides that for the purposes of calculating the motor vehicle sales and use tax for new vehicle purchases only, the sale price shall be reduced by the value of any trade-...
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2020-02-11
To House Finance Committee
VAHB631IntroIncome tax deduction; tolls paid on Virginia roads. Establishes an income tax deduction starting in taxable year 2020 for tolls paid for travel on Virginia roads.
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2020-02-11
To House Finance Committee
VAHB1487IntroExemption from sales tax for sales of gun safes. Provides a tax exemption for the purchase of gun safes with a price of $1,000 or less.
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2020-02-11
To House Finance Committee
VAHB302IntroLitter tax. Repeals the annual litter tax. The bill does not affect any litter tax levied prior to July 1, 2020.
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2020-02-11
To House Finance Committee
VAHB54IntroIncome tax; age deduction; increase income threshold for married filers. Increases to $100,000 the threshold at which the income tax deduction for taxpayers 65 or older is reduced based on income, as such threshold applies to married taxpayers filing...
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2020-02-11
To House Finance Committee
VAHB126IntroTax credit for purchase of aquaculture oyster floats. Establishes an individual nonrefundable income tax credit for taxable years beginning on or after January 1, 2020, but before January 1, 2025, for the purchase price of aquaculture oyster floats p...
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2020-02-11
To House Finance Committee
VAHB1694IntroTax credits; vested interest. Creates a vested interest when a taxpayer claims a tax credit, including an interest in any conditions placed upon the credit, and prohibits alteration of such interest by a subsequent action of the General Assembly. The...
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2020-02-11
To House Finance Committee
VAHB1520IntroReal property tax; homestead tax relief. Permits a taxpayer to defer up to 95 percent of taxes on his homestead, defined in the bill, if the amount of real property tax on his homestead has increased by at least 25 percent since the date of purchase....
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2020-02-11
To House Finance Committee
VAHB1270IntroState sales and use tax in the Historic Triangle; sunset; referendum. Repeals the additional state sales tax imposed in the Historic Triangle on July 1, 2026, unless the tax is affirmed by voters in a referendum held in the City of Williamsburg and t...
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2020-02-11
To House Finance Committee
VAHB1397IntroVirginia taxable income; subtractions; volunteer firefighters and volunteer emergency medical services personnel. Provides a state income tax subtraction of $20 per hour, up to a maximum of 300 hours per taxable year, for bona fide volunteers who per...
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2020-02-11
To House Finance Committee
VAHB679IntroReal and personal property tax exemptions. Repeals the property tax exemptions for all nonprofit entities that were granted by the General Assembly by designation, effective July 1, 2025. Any locality may grant property tax exemptions to any such org...
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2020-02-11
To House Finance Committee
VAHB158IntroIncome tax deduction; primary and secondary school tuition or home instruction expenses. Provides an income tax deduction beginning in taxable year 2020 for education expenses incurred by the parent or guardian of a child under the age of 18. Qualify...
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2020-02-11
To House Finance Committee
VAHB768IntroAdditional real property tax on commercial and industrial property in certain localities. Authorizes counties and cities in Planning District 3, 4, 5, 6, or 7 to impose an additional real estate tax on commercial and industrial property at a rate of ...
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2020-02-11
To House Finance Committee
VAHB1241IntroIncome tax modifications for certain companies in economically distressed localities. Adds the City of Portsmouth to the list of economically distressed localities in which a company may invest to become eligible for certain income tax modifications....
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2020-02-11
To House Finance Committee
VAHB1219IntroDepartment of Taxation; period of limitations; amended returns; refunds. Increases the period within which a taxpayer may file an amended return with the Department of Taxation from three years to seven years from the last day prescribed by law for t...
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2020-02-11
To House Finance Committee
VAHB89IntroStandard 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, by 1.8 percent to $4,581 for single individuals and $9,162 for married...
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2020-02-11
To House Finance Committee
VAHB891IntroPeer-to-peer vehicle sharing platforms; regulation; insurance; taxation. Establishes taxation, insurance coverage, sale of insurance, disclosure, safety recall, airport operation, and recordkeeping requirements for peer-to-peer vehicle sharing platfo...
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2020-02-11
To House Finance Committee
VAHB80IntroPersonal income tax deduction; veterans with a 100 percent service-connected, permanent, and total disability. Provides an additional personal income tax deduction of $930 for veterans who have been rated with a 100 percent service-connected, permane...
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2020-02-11
To House Finance Committee
VAHB1358IntroEliminating individual income tax liability. Eliminates individual income tax liability starting in taxable year 2020 by reducing to zero the rate that applies to all taxable income. Entities such as trusts and partnerships, which also are taxed unde...
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2020-02-11
To House Finance Committee
VAHB1156IntroHistoric rehabilitation tax credit. Increases from $5 million to $10 million the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, which may be claimed by a taxpayer in any taxable year...
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2020-02-11
To House Finance Committee
VAHB461IntroRenewable energy property tax credit. Establishes, beginning in taxable year 2020, a tax credit for renewable energy property placed in service. The bill defines "renewable energy property" as certain biomass equipment that uses renewable biomass res...
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2020-02-11
To House Finance Committee
VAHB1390IntroLottery funds; Rural Transportation Fund. Establishes the Rural Transportation Fund, to be funded by transferring 10 percent of annual lottery revenues in fiscal years 2020 through 2024 from the Lottery Proceeds Fund. All lottery revenues transferred...
[Detail][Text][Discuss]
2020-02-11
To House Finance Committee
VAHB1728IntroCar tax credit for tolls paid. Provides that localities may allow taxpayers a credit against the amount of tangible personal property tax paid on privately owned or leased motor vehicles. The credit shall equal the amount of tolls paid by a taxpayer ...
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2020-02-11
To House Finance Committee
VAHB1091IntroIncome tax subtraction; public school teacher salaries. Establishes for taxable years beginning on and after January 1, 2020, an income tax subtraction for any income from full-time employment as an elementary or secondary school teacher at a public ...
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2020-02-11
To House Finance Committee
VAHB766IntroVirginia taxable income; subtractions; volunteer firefighters and volunteer emergency medical services personnel. Provides a state income tax subtraction of $20 per hour, up to a maximum of 300 hours per taxable year, for bona fide volunteers who per...
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2020-02-11
To House Finance Committee
VAHB1008IntroPersonal property tax exemption; household goods and personal effects. Provides that for any tangible personal property tax exemption provided by a locality, household goods and personal effects owned and used by an individual incident to maintaining...
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2020-02-11
To House Finance Committee
VAHB732IntroDepartment of Taxation; Virginia Free File. Amends the Virginia Free File program to permit deviation from the Internal Revenue Service Free File program's provisions and conditions that prohibit government providing its own free tax filing software ...
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2020-02-11
To House Finance Committee
VAHB1283IntroRegistration 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...
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2020-02-05
To House Finance Committee
VAHB739IntroCorporate 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.
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2020-02-05
To House Finance Committee
VAHB1372IntroLicensing 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...
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2020-02-05
To House Finance Committee
VAHB1120IntroTaxes 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...
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2020-02-05
To House Finance Committee
VAHB1119IntroFlavored 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...
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2020-02-05
To House Finance Committee
VAHB796IntroCorporate 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...
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2020-02-05
To House Finance Committee
VAHB1185IntroSale 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 ...
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2020-02-05
To House Finance Committee
VAHB960IntroAdditional 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]
2020-02-05
To House Finance Committee
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