| VA | HB1281 | 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] | 2024-02-07
To House Finance Committee |
| VA | HB1446 | Intro
25% | 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
25% | 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
25% | 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
25% | 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
25% | 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
25% | 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
25% | 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
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] | 2024-02-07
To Senate Courts of Justice 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] | 2024-02-06
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] | 2024-02-06
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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB103 | Intro
25% | 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
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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB294 | Intro
25% | 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
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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB345 | Intro
25% | 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
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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | SB651 | Intro
25% | 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
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] | 2024-02-06
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] | 2024-02-06
To Senate Finance and Appropriations Committee |
| VA | HB945 | Intro
25% | Firearm safety device tax credit; definition of firearm safety device. Expands the definition of "firearm safety device" as it relates to the firearm safety device tax credit to include any device that, when installed on a firearm, is designed to pre...
[Detail][Text][Discuss] | 2024-02-02
Incorporated by Public Safety |
| VA | HB1181 | Intro
25% | Virginia Gun Violence Intervention and Prevention Grant Program and Fund; firearm and ammunition tax. Establishes the Virginia Gun Violence Intervention and Prevention Grant Program (the Program) and redirects funds from the Virginia Gun Violence Int...
[Detail][Text][Discuss] | 2024-02-02
Incorporated by Public Safety |
| VA | HJR35 | Intro
25% | Study; Department of Taxation; tax policy options for reforming the litter tax; report. Directs the Department of Taxation, in conjunction with the Department of Environmental Quality, to study tax policy options for reforming the litter tax.
[Detail][Text][Discuss] | 2024-02-01
To House Rules Committee |
| VA | HJR40 | Intro
25% | Study; Department of Housing and Community Development; Study; Department of Housing and Community Development; tax implications of implementing a land value tax; report. Directs the Department of Housing and Community Development to study tax implic...
[Detail][Text][Discuss] | 2024-02-01
To House Rules Committee |
| VA | HB762 | Intro
25% | Organ donation leave tax credit. Establishes a nonrefundable income tax credit for taxable years 2024 through 2028 for a taxpayer that is a private employer, as defined by the bill, for certain costs incurred during a period of organ donation leave r...
[Detail][Text][Discuss] | 2024-01-31
To House Finance Committee |
| VA | HB961 | Intro
25% | Virginia local journalism sustainability tax credits. Creates a nonrefundable income tax credit for eligible local newspaper publishers, defined in the bill, for compensation paid to local news journalists. The credit is equal to (i) for the first ta...
[Detail][Text][Discuss] | 2024-01-31
To House Finance Committee |
| VA | HB1470 | Intro
25% | Income tax deduction; union dues. Provides an income tax deduction beginning in taxable year 2024 for the amount paid by an individual for union dues for participation in a labor organization.
[Detail][Text][Discuss] | 2024-01-31
To House Finance Committee |
| VA | HB1536 | Intro
25% | Sales tax exemption; certain baby products.
[Detail][Text][Discuss] | 2024-01-31
To House Finance 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] | 2024-01-31
To Senate Finance and Appropriations Committee |
| VA | SB110 | Intro
25% | 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] | 2024-01-30
Passed by indefinitely in Finance and Appropriations (10-Y 5-N) |
| 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] | 2024-01-30
To Senate Finance and Appropriations Committee |
| VA | SB640 | Intro
25% | Tax exempt property; energy storage systems. Clarifies the tax treatment of energy storage systems. The bill strikes language that overrides the provision requiring the amount of tax exemption for energy storage systems to be 100 percent if the taxin...
[Detail][Text][Discuss] | 2024-01-30
Passed by indefinitely in Finance and Appropriations (15-Y 0-N) |
| VA | HB305 | Intro
25% | Regional gas tax revenues. Provides that in allocating revenues from the regional fuels tax in localities not a part of the Northern Virginia Transportation Authority, the Hampton Roads Transportation Accountability Commission, the Interstate 81 Corr...
[Detail][Text][Discuss] | 2024-01-25
Stricken from docket by Transportation (20-Y 0-N) |
| VA | SB429 | Intro
25% | Casino gaming; eligible host cities. Reduces from five to four the number of cities eligible to host a casino in the Commonwealth by removing Richmond from the list of eligible host cities.
[Detail][Text][Discuss] | 2024-01-24
Stricken at request of Patron in General Laws and Technology (15-Y 0-N) |
| VA | SB114 | Intro
25% | Local tax credits; emergency services providers. Enables localities to by ordinance provide a credit against taxes and fees imposed by the locality to an individual who provides approved emergency services in the locality. As defined in the bill, "ap...
[Detail][Text][Discuss] | 2024-01-23
Failed to report (defeated) in Finance and Appropriations (7-Y 7-N) |
| VA | HB138 | Intro
25% | Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning on August 1, 2025. During such weekend, state retail sales and use tax will not apply to ce...
[Detail][Text][Discuss] | 2024-01-17
Stricken from docket by Finance (21-Y 0-N) |
| VA | SB64 | Intro
25% | Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning in 2025. During such weekend, state retail sales and use tax will not apply to certain (i) ...
[Detail][Text][Discuss] | 2024-01-16
Incorporated by Finance and Appropriations |
| VA | SB58 | Intro
25% | Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning in 2025. During such weekend, state retail sales and use tax will not apply to certain (i) ...
[Detail][Text][Discuss] | 2024-01-16
Incorporated by Finance and Appropriations |
