VA HB540 | 2024 | Regular Session

Note: Carry Foward to future HB540

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2024 - 25% progression, died in committee
Action: 2024-02-07 - Continued to 2025 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

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 products. The bill also provides an allocation of state revenues to fund the distribution to localities for funding that would have been distributed to them absent the exemption created by the bill. Under current law, such products are exempt from state sales and use tax but are subject to the standard local rate of one percent.

Tracking Information

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Title

Sales and use tax; exemption for food purchased for human consumption & essential personal hygiene.

Sponsors


History

DateChamberAction
2024-02-07HouseContinued to 2025 in Finance by voice vote
2024-02-06HouseSubcommittee recommends continuing to 2025 by voice vote
2024-02-02HouseAssigned Finance sub: Subcommittee #2
2024-01-09HouseReferred to Committee on Finance
2024-01-09HousePrefiled and ordered printed; offered 01/10/24 24101582D

Same As/Similar To

HB540 (Carry Over) 2024-02-07 - Continued to 2025 in Finance by voice vote
SB110 (Similar To) 2024-01-30 - Passed by indefinitely in Finance and Appropriations (10-Y 5-N)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812425(n/a)See Bill Text
581603.1(n/a)See Bill Text
581603.2(n/a)See Bill Text
581604.01(n/a)See Bill Text
581605.1(n/a)See Bill Text
581606.1(n/a)See Bill Text
581611.1(n/a)See Bill Text
581638(n/a)See Bill Text

Virginia State Sources


Bill Comments

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