| VA | HB590 | Fail | Regulation of electronic gaming devices; penalties. Authorizes and specifies the licensing requirements for the manufacture, distribution, operation, hosting, and playing of electronic gaming devices, as defined in the bill, under the regulatory auth...
[Detail][Text][Discuss] | 2024-03-09
Failed to pass in House |
| VA | SB677 | Pass | Real property tax; notice of assessment changes. Provides that in certain localities, in the event that the total assessed value of real property would result in an increase of one percent or more in the total real property tax levied, the notice of ...
[Detail][Text][Discuss] | 2024-03-08
Governor: Acts of Assembly Chapter text (CHAP0014) |
| VA | HB261 | Engross
Sine Die | 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] | 2024-02-27
To Senate Finance and Appropriations Committee |
| VA | HB339 | Engross
Sine Die | 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] | 2024-02-27
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB414 | Engross
Sine Die | Land records; recording and indexing fees. Provides that no clerk of a circuit court shall assess separate recording and indexing fees for one document that contains two or more instruments that may serve independent legal purposes, including a recor...
[Detail][Text][Discuss] | 2024-02-27
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB785 | Engross
Sine Die | Tax exempt property; energy storage systems. Clarifies the tax treatment of energy storage systems. The bill strikes language that overrides the provision requiring the amount of tax exemption for energy storage systems to be 100 percent if the taxin...
[Detail][Text][Discuss] | 2024-02-27
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB1483 | Engross
Sine Die | Local tax; penalties and interest. Requires localities to apply voluntary payments made by a taxpayer to the tax return that accompanies such payment or according to instructions sent with such payment. The bill also states that a city's director of ...
[Detail][Text][Discuss] | 2024-02-27
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB1535 | Engross
Sine Die | Food and beverage tax; meals tax; discount. Allows a county, city, or town to provide a commission to a business for collecting and remitting to the locality a meals tax or a food and beverage tax regardless of whether the business is delinquent on t...
[Detail][Text][Discuss] | 2024-02-27
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB261 | Engross
Prefile | 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] | 2024-02-27
To Senate Finance and Appropriations Committee |
| VA | HB195 | Engross
Sine Die | Gaming in the Commonwealth; prohibition on use Gaming in the Commonwealth; prohibition on use of term "casino" by non-casino gaming operators; civil penalties. Prohibits any applicant for licensure or any person licensed or permitted to conduct chari...
[Detail][Text][Discuss] | 2024-02-21
Failed to report (defeated) in General Laws and Technology (7-Y 7-N 1-A) |
| VA | SB146 | Engross
Sine Die | Sales tax; additional local tax for schools; Prince Edward County. Adds Prince Edward County 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 the...
[Detail][Text][Discuss] | 2024-02-21
Incorporated by Finance |
| VA | HB510 | Engross
Sine Die | 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] | 2024-02-21
To Senate Finance and Appropriations Committee |
| VA | HB510 | Engross
Prefile | 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] | 2024-02-21
To Senate Finance and Appropriations Committee |
| VA | SB523 | Intro
Sine Die | Sales tax revenues; entertainment arena. Adds entertainment arena to the definition of public facility to allow a locality to collect all sales tax revenues generated by transactions at such a facility, provided that a locality owns an interest in th...
[Detail][Text][Discuss] | 2024-02-14
To Senate Finance and Appropriations Committee |
| VA | SB703 | Intro
Sine Die | General appropriations and revenue of the Commonwealth. Includes digital personal property, defined in the bill, in the definition of tangible personal property for the purposes of the retail sales and use tax. Amendments are made throughout the chap...
[Detail][Text][Discuss] | 2024-02-14
To Senate Finance and Appropriations Committee |
| VA | SB307 | Intro
Sine Die | Regulation of electronic gaming devices; penalties. Authorizes and specifies the licensing requirements for the manufacture, distribution, operation, servicing, hosting, and play of electronic gaming devices, as defined in the bill. The bill provides...
[Detail][Text][Discuss] | 2024-02-14
To Senate General Laws and Technology 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 | HB152 | Intro
Sine Die | Land preservation tax credit. Increases from $1 million to $1.5 million the threshold credit amount that triggers verification by the Department of Conservation and Recreation of the conservation value of a land donation. The bill exempts certain sta...
[Detail][Text][Discuss] | 2024-02-13
To House Agriculture, Chesapeake and Natural Resources Committee |
| VA | HB226 | Intro
Sine Die | Omitted taxes; installment agreements. Allows the governing body of a locality to allow its treasurer or other collecting official to enter into an installment agreement lasting up to 72 months for payment of taxes by a taxpayer who has been assessed...
[Detail][Text][Discuss] | 2024-02-13
To House Rules 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 | 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 | 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 | HB193 | Intro
Sine Die | Sales tax; additional local tax for schools; Stafford County. Adds Stafford County 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 the construct...
[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 | 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 | 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 | 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 | 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 | HB771 | Intro
Sine Die | 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] | 2024-02-13
To House Appropriations 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 | 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 | 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 | 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 | 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 | 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 | HB396 | Intro
Sine Die | Birth of dependent household member tax deduction. Allows an income tax deduction for the birth of a dependent member of a taxpayer's household that occurs during the taxable year, beginning in taxable year 2024. The bill provides that the deduction ...
[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 | HB660 | Intro
Sine Die | Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia stat...
[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 | 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 | 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 | HB695 | Intro
Sine Die | Short-term rentals; registration; civil penalty. Directs the Department of Taxation to establish a registry of short-term rental properties and require accommodations providers and intermediaries to register. Under the bill, an accommodations provide...
[Detail][Text][Discuss] | 2024-02-13
To House Appropriations 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 |
