| VA | HB889 | Intro
Sine Die | Sales and use tax on services. Levies the retail sales and use tax on the following services: admissions; charges for recreation, fitness, or sports facilities; nonmedical personal services or counseling; dry cleaning and laundry services; companion ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB969 | Intro
Sine Die | Child tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for each such dependent f...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1305 | 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] | 2024-02-07
To House Appropriations Committee |
| VA | HB1078 | Intro
Sine Die | 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] | 2024-02-07
To House Finance Committee |
| VA | HB1096 | Intro
Sine Die | Housing opportunity tax credit. Increases, for calendar years 2023 through 2025, the amount of housing opportunity tax credits that may be claimed from $60 million per calendar year to $100 million per calendar year.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1292 | Intro
Sine Die | Income tax subtraction; professional firefighter pension. 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 t...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB419 | Intro
Sine Die | 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] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | HB1281 | Intro
Sine Die | 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] | 2024-02-07
To House Finance Committee |
| VA | HB1446 | 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] | 2024-02-07
To House Finance Committee |
| VA | SB512 | Intro
Sine Die | Income tax credit; adaptive repurposing of underutilized structures. Creates a nonrefundable income tax credit in taxable years 2024 through 2028 for eligible expenses, defined in the bill, incurred in converting office buildings to residential uses....
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) |
| VA | HB1414 | Intro
Sine Die | Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2024. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely h...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB511 | Intro
Sine Die | Sales tax exemption; certain baby products. Creates a retail sales and use tax exemption for certain baby products, including (i) children's diapers, (ii) therapeutic or preventative creams and wipes marketed primarily for use on the skin of children...
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | SB555 | Intro
Sine Die | First-time homebuyer tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals or married couples filing jointly who sell residential real property that is the taxpayer's primary residence and is located in the Commonwealth...
[Detail][Text][Discuss] | 2024-02-07
Passed by indefinitely in Finance and Appropriations with letter (15-Y 0-N) |
| VA | HB1546 | Intro
Sine Die | Sales and use tax; exemption for data centers. Sales and use tax; exemption for data centers.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1524 | Intro
Sine Die | Tax credit for purchase of mobile machinery and equipment used by road contractors for processing recyclable asphalt materials on pavements and roadways. Creates a nonrefundable tax credit for taxable years 2025 through 2029 in an amount equal to 20 ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB693 | Intro
Sine Die | 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] | 2024-02-07
To Senate Courts of Justice Committee |
| VA | HB1096 | Intro
Prefile | Housing opportunity tax credit. Increases, for calendar years 2023 through 2025, the amount of housing opportunity tax credits that may be claimed from $60 million per calendar year to $100 million per calendar year.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB88 | Intro
Prefile | 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
Prefile | 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 | HB1078 | Intro
Prefile | 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] | 2024-02-07
To House Finance Committee |
| VA | SB693 | Intro
Prefile | 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] | 2024-02-07
To Senate Courts of Justice Committee |
| VA | HB1446 | Intro
Prefile | 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] | 2024-02-07
To House Finance Committee |
| VA | HB1414 | Intro
Prefile | Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2024. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely h...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB889 | Intro
Prefile | Sales and use tax on services. Levies the retail sales and use tax on the following services: admissions; charges for recreation, fitness, or sports facilities; nonmedical personal services or counseling; dry cleaning and laundry services; companion ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB459 | Intro
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] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | HB1305 | 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] | 2024-02-07
To House Appropriations Committee |
| VA | HB240 | Intro
Prefile | 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 | HB552 | Intro
Prefile | 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 | HB540 | Intro
Prefile | 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 | HB1524 | Intro
Prefile | Tax credit for purchase of mobile machinery and equipment used by road contractors for processing recyclable asphalt materials on pavements and roadways. Creates a nonrefundable tax credit for taxable years 2025 through 2029 in an amount equal to 20 ...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB969 | Intro
Prefile | Child tax credit. Creates a tax credit for taxable years 2024 through 2028 for individuals whose households include dependents younger than the age of 18. The bill provides that the amount of the credit will be equal to $500 for each such dependent f...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | SB183 | Intro
Prefile | 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 | HB621 | Intro
Prefile | 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 | HB865 | Intro
Prefile | 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 | SB419 | Intro
Prefile | 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] | 2024-02-07
To Senate Finance and Appropriations Committee |
| VA | HB1546 | Intro
Prefile | Sales and use tax; exemption for data centers. Sales and use tax; exemption for data centers.
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB1292 | Intro
Prefile | Income tax subtraction; professional firefighter pension. 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 t...
[Detail][Text][Discuss] | 2024-02-07
To House Finance Committee |
| VA | HB887 | Intro
Prefile | 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 | HB1281 | Intro
Prefile | 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] | 2024-02-07
To House Finance Committee |
| VA | SB10 | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB61 | Intro
Sine Die | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB108 | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB103 | Intro
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] | 2024-02-06
Passed by indefinitely in Finance and Appropriations (14-Y 1-N) |
| VA | SB124 | Intro
Sine Die | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB294 | Intro
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. The bill provides that no interest will accrue on any unpaid balances 90 days after the date on whi...
[Detail][Text][Discuss] | 2024-02-06
Passed by indefinitely in Finance and Appropriations (10-Y 5-N) |
| VA | SB451 | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB345 | Intro
Sine Die | Casino gaming; limits on required local referendums. Provides that the governing body of any eligible host city that holds a local referendum on the question of whether casino gaming should be permitted in such city that subsequently fails shall be p...
[Detail][Text][Discuss] | 2024-02-06
Incorporated by Finance and Appropriations |
| VA | SB632 | Intro
Sine Die | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB651 | Intro
Sine Die | Military benefits income tax subtraction; age requirement; emergency. Eliminates the age requirement to claim the individual income tax subtraction for military benefits beginning in taxable year 2023. Under current law, only taxpayers 55 years of ag...
[Detail][Text][Discuss] | 2024-02-06
Passed by indefinitely in Finance and Appropriations (14-Y 0-N) |
| VA | SB662 | Intro
Sine Die | 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] | 2024-02-06
To Senate Finance and Appropriations Committee |
