Virginia Subject | Taxation

Type

Status

State	Bill	Status	Summary/Title	Last Action
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
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	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	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	HB1045	Intro Sine Die	Elections; campaign finance; Public Campaigns Program and Fund established; tax check-off. Establishes the Public Campaigns Program within the Department of Elections for the purpose of providing matching payments of public money to participating can... [Detail][Text][Discuss]	2024-02-13 To House Appropriations Committee
VA	HB1160	Intro Sine Die	Portable benefit accounts; tax credit. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, credit u... [Detail][Text][Discuss]	2024-02-13 To House Appropriations 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	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	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	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	HB1297	Intro Sine Die	Recordation tax revenues; land protection and preservation. Provides that beginning July 1, 2026, after required distributions for transportation and localities under current law, up to $200 million of the remaining recordation tax revenues shall be ... [Detail][Text][Discuss]	2024-02-13 To House Appropriations Committee
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	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	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	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	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	HJR58	Intro Sine Die	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 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	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
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	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	HB1444	Intro Sine Die	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 Sine Die	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 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	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	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	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	SB251	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]	2024-02-12 To Senate Finance and Appropriations Committee
VA	SB501	Intro Sine Die	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 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]	2024-02-12 To Senate Finance and Appropriations Committee
VA	SB670	Intro 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]	2024-02-12 To Senate Finance and Appropriations Committee
VA	SB501	Intro Prefile	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	SB251	Intro Prefile	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	HB447	Intro Sine Die	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	HB447	Intro Prefile	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 Sine Die	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 Sine Die	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 Sine Die	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 Sine Die	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 Sine Die	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 Sine Die	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 Sine Die	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 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]	2024-02-07 To Senate Finance and Appropriations Committee
VA	HB865	Intro Sine Die	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 Sine Die	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	SB310	Intro Sine Die	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)