| VA | HB1275 | Intro
Sine Die | 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 | HB1156 | Intro
Sine Die | 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 | HB973 | Intro
Sine Die | 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 | HB705 | Intro
Sine Die | Personal property tax; classification; sunset date. Removes the sunset date from the provision of law that authorizes localities to classify most motor vehicles as a class of property subject to a different rate of tax or rate of assessment from the ...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB458 | Intro
Sine Die | Additional local sales and use tax to support schools; referendum. Authorizes all counties and cities to impose an additional local sales and use tax at a rate not to exceed one percent with the revenue used only for capital projects for the construc...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB724 | Intro
Sine Die | 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 | HB1159 | Intro
Sine Die | 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 | HB1507 | Intro
Sine Die | 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 | HB1234 | Intro
Sine Die | 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 | HB1183 | Intro
Sine Die | 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 | HB165 | Intro
Sine Die | Income tax deduction; union dues. Provides an income tax deduction beginning in taxable year 2024 for the amount paid by an individual for union dues for participation in a labor organization.
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB854 | Intro
Sine Die | 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 | HB616 | Intro
Sine Die | 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 | HB1180 | Intro
Sine Die | 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 | HB422 | Intro
Sine Die | Personal property tax; classification; sunset date. Removes the sunset date from the provision of law that authorizes localities to classify most motor vehicles as a class of property subject to a different rate of tax or rate of assessment from the ...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1328 | Intro
Sine Die | 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 | HB600 | Intro
Sine Die | Additional local sales and use tax to support schools; referendum. Authorizes all counties and cities to impose an additional local sales and use tax at a rate not to exceed one percent with the revenue used only for capital projects for the construc...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1517 | Intro
Sine Die | 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 | HB1411 | Intro
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] | 2024-02-13
To House Finance Committee |
| VA | HB875 | Intro
Sine Die | 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 | HB473 | Intro
Sine Die | 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 | HB1137 | Intro
Sine Die | 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
Sine Die | 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 | HB60 | Intro
Sine Die | Sales tax; school construction. Adds Prince Edward 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 used only for capital pr...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB491 | Intro
Sine Die | 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 | HB549 | Intro
Sine Die | 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 | HB263 | Intro
Sine Die | Sales and use tax; accommodations for transients. Provides that the term "retail sale" shall include the sale of accommodations to transients for less than 30 days. Under current law, "retail sale" includes such sales to transients for less than 90 d...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB551 | Intro
Sine Die | 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 | HB518 | Intro
Sine Die | 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 | HB483 | Intro
Sine Die | Income tax exclusion; veteran student loan forgiveness. Eliminates the sunset date and expands eligibility for the income tax exclusion for any income received by a disabled veteran of the Armed Forces of the United States from the discharge of feder...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1327 | Intro
Sine Die | 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 | HB384 | Intro
Sine Die | 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 | HB1400 | Intro
Sine Die | 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 | HB810 | Intro
Sine Die | 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 | HB89 | Intro
Sine Die | Taxation; rate of interest. Provides that (i) the rate of interest on omitted taxes and assessments is equal to the Underpayment Rate established by the Internal Revenue Code and (ii) the rate of interest on refunds is equal to the Overpayment Rate f...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB541 | Intro
Sine Die | 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 | HB1308 | Intro
Sine Die | 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 | HB262 | Intro
Sine Die | Classification of land and improvements for tax purposes; localities. Reclassifies improvements to real property located in any locality as a separate class of real property and authorizes any locality to impose a real property tax on improvements to...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1527 | Intro
Sine Die | 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 | HB387 | Intro
Sine Die | 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 | HB197 | Intro
Sine Die | Tax credit; solar energy equipment. Establishes a nonrefundable income tax credit for taxable years 2024 through 2028 for individuals who incur allowable expenses, as defined in the bill, for the purchase and installation of solar energy equipment, a...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1036 | Intro
Sine Die | 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 | HB1380 | Intro
Sine Die | 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 | HB1447 | Intro
Sine Die | 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 | HB1223 | Intro
Sine Die | 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 | HB1004 | Intro
Sine Die | 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 | HB302 | Intro
Sine Die | Firearm safety device tax credit; definitions. Defines an "eligible transaction" for purposes of the firearm safety device tax credit as one in which a taxpayer purchases one or more firearm safety devices from a commercial retailer, as defined in th...
[Detail][Text][Discuss] | 2024-02-13
To House Finance Committee |
| VA | HB1407 | Intro
Sine Die | 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 | HB1437 | Intro
Sine Die | 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 | HB1394 | Intro
Sine Die | 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 |
