| 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] | 2024-11-19
To Senate Courts of Justice Committee |
| VA | SB662 | Intro
25% | Income tax subtraction; state police retirement benefits. Establishes an income tax subtraction for up to $10,000 of state police retirement benefits in taxable year 2024 and each year thereafter. The bill defines state police retirement benefits to ...
[Detail][Text][Discuss] | 2024-11-19
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] | 2024-11-19
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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SB192 | 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] | 2024-11-19
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] | 2024-11-19
To Senate Finance and Appropriations 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] | 2024-11-19
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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SB632 | 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] | 2024-11-19
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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SB451 | Intro
25% | 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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| 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] | 2024-11-19
To Senate Finance and Appropriations 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] | 2024-11-19
To Senate Finance and Appropriations 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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SB711 | Intro
25% | Taxation; secrecy of information; taxpayer waiver. Allows a taxpayer to waive confidentiality and secrecy of information provisions of Virginia law with respect to tax information upon executing a written acknowledgement waiver.
[Detail][Text][Discuss] | 2024-11-19
To Senate Finance and Appropriations 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] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SB675 | Intro
25% | Casino gaming; eligible host localities. Adds Fairfax County to the list of localities eligible to host a casino in the Commonwealth and provides that any proposed site for a casino gaming establishment considered by Fairfax County shall be (i) locat...
[Detail][Text][Discuss] | 2024-11-19
To Senate Finance and Appropriations Committee |
| VA | SJR22 | Engross
50% | Study; Department of Taxation; reducing economic stress on retired Virginia State Police; report. Directs the Department of Taxation to study tax policy solutions for reducing economic stress on retired Virginia State Police.
[Detail][Text][Discuss] | 2024-11-18
To House Appropriations Committee |
