VA HB540 | 2025 | Regular Session
Note: Carry Over of previous HB540
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-11-18 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-11-18 - Left in Finance
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.
Title
Sales and use tax; exemption for food purchased for human consumption & essential personal hygiene.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-11-18 | House | Left in Finance |
2024-02-07 | House | Continued to 2025 in Finance (Voice Vote) |
2024-02-06 | House | Subcommittee recommends continuing to 2025 (Voice Vote) |
2024-02-02 | House | Assigned Finance sub: Subcommittee #2 |
2024-01-17 | House | Impact statement from TAX (HB540) |
2024-01-09 | House | Referred to Committee on Finance |
2024-01-09 | House | Prefiled 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
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 2425 | (n/a) | See Bill Text |
58 | 1 | 603.1 | (n/a) | See Bill Text |
58 | 1 | 603.2 | (n/a) | See Bill Text |
58 | 1 | 604.01 | (n/a) | See Bill Text |
58 | 1 | 605.1 | (n/a) | See Bill Text |
58 | 1 | 606.1 | (n/a) | See Bill Text |
58 | 1 | 611.1 | (n/a) | See Bill Text |
58 | 1 | 638 | (n/a) | See Bill Text |
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/bill-details/20251/HB540 |
Text | https://lis.virginia.gov/bill-details/20251/HB540/text/HB540 |
Supplement | https://lis.blob.core.windows.net/legacy/1000634.PDF |