| VA | HB1327 | Intro
25% | 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 | HB1234 | Intro
25% | 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 | HB1328 | Intro
25% | 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 | HJR58 | Intro
25% | Constitutional amendment (first reference); tax and finance; exempt property; affordable housing tax exemption. Provides that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to pr...
[Detail][Text][Discuss] | 2024-02-13
To House Privileges and Elections Committee |
| VA | HB1411 | Intro
25% | 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 | HB1394 | Intro
25% | 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 |
| VA | HB1400 | Intro
25% | 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 | HB1447 | Intro
25% | 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 | HB1444 | Intro
25% | Distribution of state sales and use tax based on the population of cities and counties ages five to 19 and for the state's share of Standards of Quality basic aid payments.
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations Committee |
| VA | HB1478 | Intro
25% | Casino gaming; cruise ships. Authorizes the conduct of cruise ship casino gaming in the offshore waters of the Commonwealth by a cruise ship operator that applies for and receives a permit from the Virginia Lottery. The bill sets an annual permit fee...
[Detail][Text][Discuss] | 2024-02-13
To House General Laws Committee |
| VA | HB1507 | Intro
25% | 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 | HB1527 | Intro
25% | 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 | HB1437 | Intro
25% | 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 | HB1517 | Intro
25% | 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 | SB251 | Intro
25% | Content manufacturing tax credit. Removes the sunset for the motion picture tax credit, which currently is set to expire after taxable year 2026, and expands and redesignates the tax credit as the content manufacturing tax credit. The bill increases ...
[Detail][Text][Discuss] | 2024-02-12
To Senate Finance and Appropriations Committee |
| VA | SB501 | Intro
25% | Virginia College Savings Plan; Virginia College Opportunity Endowment and Fund. Directs the board of the Virginia College Savings Plan to deposit $250 million per year of surplus moneys from the Plan's fund into the Virginia College Opportunity Fund,...
[Detail][Text][Discuss] | 2024-02-12
To Senate Finance and Appropriations Committee |
| VA | SB670 | Intro
25% | Surplus line broker taxes. Provides that any surplus lines broker or any person required to be licensed as one shall not be subject to the annual taxes, license taxes, or penalties under current law for any policy of insurance procured during the pre...
[Detail][Text][Discuss] | 2024-02-12
To Senate Finance and Appropriations Committee |
| VA | HB447 | Intro
25% | Motor vehicle rental and peer-to-peer vehicle sharing tax; disposition. Redirects revenues derived from motor vehicle rental and peer-to-peer vehicle sharing taxes from the Commonwealth Transportation Fund to the Special Fund for Administration of Av...
[Detail][Text][Discuss] | 2024-02-08
To House Transportation Committee |
| VA | HB88 | Intro
25% | Virginia taxable income; standard deduction. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB116 | Intro
25% | Sales and use tax exemption; data centers. Requires data center operators to meet certain energy efficiency standards in order to be eligible for the sales and use tax exemption for data center purchases. Under the bill, a data center operator shall ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB240 | Intro
25% | Income tax; contributions to Virginia College Savings Plan Income tax; contributions to Virginia College Savings Plan accounts; report. Increases the maximum individual income tax deduction for amounts paid or contributed to a prepaid tuition contrac...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB540 | Intro
25% | Sales tax; exemption for food purchased for human consumption and essential personal hygiene products. Provides an exemption from local sales and use tax beginning July 1, 2024, for food purchased for human consumption and essential personal hygiene ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB552 | Intro
25% | 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] | 2024-02-07
To House Finance Committee |
| VA | HB621 | Intro
25% | Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB183 | Intro
25% | Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that ...
[Detail][Text][Discuss] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | SB459 | Intro
25% | Income tax; rolling conformity. Provides that when Virginia does not conform on a rolling basis to federal tax laws due to any changes in a single act of Congress with an impact of more than $15 million on revenues in the year in which the amendment ...
[Detail][Text][Discuss] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | HB865 | Intro
25% | Imposition of income tax. Establishes a new income tax bracket beginning on and after January 1, 2024, that taxes income in excess of $1 million at a rate of 10 percent. The bill provides that 50 percent of revenues generated by the new tax bracket w...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB887 | Intro
25% | Income taxes. Creates a new income tax bracket for taxable years beginning on and after January 1, 2024, for income in excess of $600,000, which is to be taxed at seven percent. The bill also creates two new tax credits: a child and dependent care ta...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB889 | Intro
25% | Sales and use tax on services. Levies the retail sales and use tax on the following services: admissions; charges for recreation, fitness, or sports facilities; nonmedical personal services or counseling; dry cleaning and laundry services; companion ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB310 | Intro
25% | Tax credit; nonfamily adoptions. Creates a $4,000 nonrefundable tax credit for taxable years 2024 through 2028 for an individual or married couple who, during the taxable year, finalize a legal nonfamily adoption as defined in the bill.
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations (10-Y 5-N) |
| VA | HB969 | Intro
25% | Child tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for each such dependent f...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1305 | Intro
25% | Virginia College Savings Plan; Virginia College Opportunity Endowment and Fund. Directs the board of the Virginia College Savings Plan to deposit $250 million per year of surplus moneys from the Plan's fund into the Virginia College Opportunity Fund,...
[Detail][Text][Discuss] | 2024-02-07
To House Appropriations Committee |
| VA | HB1096 | Intro
25% | Housing opportunity tax credit. Increases, for calendar years 2023 through 2025, the amount of housing opportunity tax credits that may be claimed from $60 million per calendar year to $100 million per calendar year.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1292 | Intro
25% | Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year t...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1078 | Intro
25% | Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more a...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB419 | Intro
25% | Family caregiver tax credit. Creates a nonrefundable income tax credit for taxable years 2024 through 2028 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more a...
[Detail][Text][Discuss] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | HB1446 | Intro
25% | 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] | 2024-02-07
To House Finance Committee |
| VA | HB1281 | Intro
25% | Taxation. Decreases, beginning in taxable year 2025, the income tax imposed (i) on income less than $3,000, from two percent to 1.75 percent; (ii) on income in excess of $3,000 but less than $5,000, from three percent to 2.65 percent; (iii) on income...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1414 | Intro
25% | Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2024. 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...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB512 | Intro
25% | Income tax credit; adaptive repurposing of underutilized structures. Creates a nonrefundable income tax credit in taxable years 2024 through 2028 for eligible expenses, defined in the bill, incurred in converting office buildings to residential uses....
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) |
| VA | SB511 | Intro
25% | Sales tax exemption; certain baby products. Creates a retail sales and use tax exemption for certain baby products, including (i) children's diapers, (ii) therapeutic or preventative creams and wipes marketed primarily for use on the skin of children...
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | SB555 | Intro
25% | First-time homebuyer tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals or married couples filing jointly who sell residential real property that is the taxpayer's primary residence and is located in the Commonwealth...
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) |
| VA | HB1546 | Intro
25% | Sales and use tax; exemption for data centers. Sales and use tax; exemption for data centers.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1524 | Intro
25% | Tax credit for purchase of mobile machinery and equipment used by road contractors for processing recyclable asphalt materials on pavements and roadways. Creates a nonrefundable tax credit for taxable years 2025 through 2029 in an amount equal to 20 ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB693 | Intro
25% | Prohibited acquisition of residential land; restrictions; civil penalty. Restricts any partnership, corporation, or real estate investment trust that manages funds pooled from investors, is a fiduciary to such investors, and has $50 million or more i...
[Detail][Text][Discuss] | 2024-02-07
To Senate Courts of Justice Committee |
| VA | SB10 | Intro
25% | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB61 | Intro
25% | Income tax subtraction; firefighter benefits. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2024, up to $30,000 in taxable year 2025, and up to $40,000 in taxable year 2026 and each year thereafter. T...
[Detail][Text][Discuss] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB108 | Intro
25% | Virginia taxable income; standard deduction. Removes the sunset on elevated standard deduction amounts for single individuals and married persons that was scheduled to expire for taxable years beginning on and after January 1, 2026.
[Detail][Text][Discuss] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB103 | Intro
25% | Motor vehicle sales and use tax; exemptions; transfers; limited liability companies. Provides that no motor vehicle sales and use tax shall be imposed on vehicle transfers from (i) an individual, partnership, or limited liability company to a corpora...
[Detail][Text][Discuss] | 2024-02-06
Passed by indefinitely in Finance and Appropriations (14-Y 1-N) |
| VA | SB124 | Intro
25% | Sports betting; Virginia college sports. Permits betting, with the exception of proposition betting, on Virginia college sports. Under current law, betting other than proposition betting is allowed on all college sports except Virginia college sports...
[Detail][Text][Discuss] | 2024-02-06
To Senate Finance and Appropriations Committee |
