Bills Pending Virginia House Finance Committee

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StanceStateBillStatusSummary/TitleLast Actionsort icon
VAHB2157IntroReinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2021. The bill provides that 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 h...
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2021-01-12
To House Finance Committee
VAHB1935IntroConformity of the Commonwealth's taxation system with the Internal Revenue Code; emergency. Advances Virginia%92s date of conformity with the Internal Revenue Code from December 31, 2019, to December 31, 2020. The bill adds exceptions to such conform...
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2021-01-11
[Hearing: Jan 18]
To House Finance Committee
VAHB1939IntroFood 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...
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2021-01-11
[Hearing: Jan 18]
To House Finance Committee
VAHB1803IntroLocal 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...
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2021-01-04
To House Finance Committee
VAHB1787IntroIncome tax exclusion for Paycheck Protection Plan loan forgiveness. Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the Paycheck Prote...
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2021-01-01
[Hearing: Jan 18]
To House Finance Committee
VAHB1788IntroIncome tax; rolling conformity with the Internal Revenue Code. Provides that, beginning with taxable year 2021, Virginia shall generally conform to federal tax laws on a rolling basis, meaning that Virginia tax laws incorporate changes to the Interna...
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2021-01-01
[Hearing: Jan 18]
To House Finance Committee
VAHB1774IntroTangible personal property taxes; classification of certain motor vehicles, trailers, and semitrailers. Provides that the separate class of property for rate purposes that includes motor vehicles, trailers, and semitrailers with a gross vehicle weigh...
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2020-12-28
[Hearing: Jan 18]
To House Finance Committee
VAHB1687IntroViolence 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...
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2020-12-04
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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2020-12-04
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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2020-12-04
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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2020-12-04
To House Finance Committee
VAHB1676IntroConsolidated 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...
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2020-12-04
To House Finance Committee
VAHB892IntroPeer-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.
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2020-12-04
To House Finance Committee
VAHB559IntroCity 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
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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2020-12-04
To House Finance Committee
VAHB736IntroEstate 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
VAHB1698IntroSales 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
VAHB521IntroEducation 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...
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2020-12-04
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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2020-12-04
To House Finance Committee
VAHB93IntroSale 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
VAHB1620IntroIndividual 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.
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2020-12-04
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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2020-12-04
To House Finance Committee
VAHB947IntroGreen 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 ...
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2020-12-04
To House Finance Committee
VAHB531IntroIndividual 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...
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2020-12-04
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...
[Detail][Text][Discuss]
2020-12-04
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]
2020-12-04
To House Finance Committee
VAHB1109IntroCorporate 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...
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2020-12-04
To House Finance Committee
VAHB1717IntroStandard 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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