Bills Pending Virginia House Finance Committee

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StanceStateBillStatusSummary/TitleLast Actionsort icon
VASB1340EngrossLand preservation tax credits; threshold for conservation value review by Department of Conservation and Recreation. Lowers the threshold from $1 million to $500,000 for (i) conservation value review of land preservation tax credit applications by th...
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2019-02-19
To House Finance Committee
VAHB2314IntroLocal enterprise zone; traffic plan. Requires that, upon petition of a locality that has adopted a local enterprise zone development taxation program, the Department of Transportation, in consultation with the Virginia Economic Development Partnershi...
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2019-02-05
To House Finance Committee
VAHB2191IntroBank franchise tax credit for student loan refinancing. Provides a credit against the bank franchise tax starting in taxable year 2019 in the amount of 20 percent of a bank's student loan refinancing expenses. The bill defines eligible expenses to in...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2614IntroTaxes administered by the Department of Taxation; statute of limitations for collections. Provides that the seven-year statute of limitations for collection efforts by the Department of Taxation shall apply to all assessments except under certain cir...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2433IntroFamily caregiver tax credit. Creates a nonrefundable income tax credit beginning in taxable year 2019 for expenses incurred by an individual in caring for an eligible family member, defined in the bill, who requires assistance with one or more activi...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2680IntroMilk production tax credit. Creates an income tax Milk production tax credit. Creates an income tax credit beginning in taxable year 2019 for taxpayers who own a dairy farm that sells milk below the producer price that is determined by the State Milk...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2701IntroCorporate income tax subtraction; business interest. Establishes a subtraction from a corporation's Virginia taxable income for the amount of business interest that is disallowed as a deduction from federal taxable income by §163(j) of the Inter...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2483IntroIncome tax credit for donation to public access authority. Establishes for taxable years 2019 through 2023 a nonrefundable income tax credit in the amount of 40 percent of a donation to a public access authority. A credit would be allowed only for a ...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2163IntroNew media and technology innovation income tax credit. New media and technology innovation income tax credit. Establishes a new media and technology innovation income tax credit, starting with taxable year 2019, which is a nonrefundable tax credit fo...
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2019-02-05
To House Finance Committee
VAHB2389IntroVirginia Housing Trust Fund; revenue deposits; recordation tax. Provides that 20% of annual recordation tax revenue in excess of $325 million shall be deposited into the Virginia Housing Trust Fund.
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2019-02-05
To House Finance Committee
VAHB2587IntroConfidentiality of tax information; local tax officers sharing information with local administrative officers. Authorizes a locality's commissioner of the revenue, treasurer, director of finance, or other similar local official who collects or admini...
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2019-02-05
To House Finance Committee
VAHB1672IntroIncome tax credit for paid leave for organ donors. Establishes a tax credit, for taxable years 2019 through 2023, of 35 percent of an employer's expenses in providing paid leave to an employee for the purpose of making an organ donation. The credit i...
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2019-02-05
To House Finance Committee
VAHB2216IntroHigh school STEM internship tax credit; report. Creates a tax credit for a business that hosts a junior or senior in a Richmond City Schools high school as an intern in a STEM or high-demand field for a semester during the 2019-2020 or 2020-2021 acad...
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2019-02-05
To House Finance Committee
VAHB2459IntroEducation Improvement Scholarships tax credits; Education Improvement Scholarships tax credits; pre-kindergarten eligibility. Expands the Education Improvement Scholarships tax credits program by including, as eligible scholarship recipients, childre...
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2019-02-05
To House Finance Committee
VAHB2194IntroSales and use tax exemption; menstrual supplies; Dignity Act. Exempts menstrual supplies, specifically pads, tampons, and menstrual cups, from sales and use tax.
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2019-02-05
To House Finance Committee
VAHB2663IntroWatercraft sales and use tax; eliminates cap and reduces rate. Reduces the watercraft sales and use tax rate from 2.0 percent to 1.95 percent and removes the $2,000 cap on the tax.
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2019-02-05
To House Finance Committee
VAHB2566IntroReal and personal property tax exemptions. Repeals the property tax exemptions for all nonprofit entities that were granted by the General Assembly by designation effective July 1, 2024. Any locality may grant property tax exemptions to any such orga...
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2019-02-05
To House Finance Committee
VAHB1946IntroLocal cigarette tax; authority of certain counties; use of proceeds for school construction. Authorizes any county to impose a local cigarette tax, provided it uses the revenues to fund the construction or improvement of local elementary or secondary...
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2019-02-05
To House Finance Committee
VAHB2131IntroIncome tax credit for low-income seniors. Establishes in taxable years 2019 through 2023 a $1,000 refundable income tax credit for taxpayers age 65 or older with household income less than 138 percent of the applicable amount in the federal poverty g...
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2019-02-05
To House Finance Committee
VAHB1948IntroLocal salt severance license taxes. Authorizes any county or city to levy a license tax on every person engaging in the business of severing salt from the earth at a rate of up to one percent of the fair market value of salt severed within such count...
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2019-02-05
To House Finance Committee
VAHB2575IntroAdditional real property tax on commercial and industrial property in certain localities. Authorizes counties and cities in Planning District 3, 4, 5, 6, or 7 to impose an additional real estate tax on commercial and industrial property at a rate of ...
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2019-02-05
To House Finance Committee
VAHB2533IntroSmall business parental leave tax credit. Creates an Small business parental leave tax credit. Creates an income tax credit for taxable year 2021 for a portion of the salary or wages paid by small businesses to full-time employees while on leave for ...
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2019-02-05
To House Finance Committee
VAHB2442IntroAccelerated sales and use tax payments. Prohibits, beginning July 1, 2020, the accelerated collection of sales and use tax payments from retail merchants and other dealers who collect and return sales and use tax payments.
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2019-02-05
To House Finance Committee
VAHB2029IntroIncome tax; definition of resident estate or trust. For income tax purposes, changes the definition of "resident estate or trust" to no longer include an estate or trust which is being administered in the Commonwealth.
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2019-02-05
To House Finance Committee
VAHB2241IntroGreen job training tax credit. Creates an income tax credit beginning in taxable year 2019 for the expenses incurred by taxpayers in the training and transitioning of fossil fuel workers, defined in the bill, to jobs in the green energy sector. The c...
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2019-02-05
To House Finance Committee
VAHB2070IntroTax deduction for energy saving products. Establishes a tax deduction for the amount a taxpayer pays for energy saving products, not to exceed $10,000. Energy saving products are defined as being either (i) solar panels or (ii) products that meet the...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2206IntroSales tax exemption; gun safes. Establishes an exemption from retail sales tax for a gun safe with a selling price of $1,000 or less. The bill defines a gun safe as a safe or vault that is (i) commercially available, (ii) secured with a digital or di...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2340IntroVirginia resident hunting license tax deduction. Establishes a tax deduction for the amount an individual pays for Virginia resident hunting licenses purchased from the Department of Game and Inland Fisheries. The deduction may be applied to the amou...
[Detail][Text][Discuss]
2019-02-05
To House Finance Committee
VAHB2810IntroReal property tax exemption for certified pollution control equipment and facilities. Advances the sunset date of the real property tax exemption for solar photovoltaic (electric energy) projects greater than 20 megawatts from 2024 to 2020.
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2019-02-05
To House Finance Committee
VAHB1703IntroTaxation of aviation jet fuel; distribution of certain revenues to Metropolitan Washington Airports Authority. Imposes a tax at a rate of five cents per gallon on aviation jet fuel purchased or used by an airline licensed by the Federal Aviation Admi...
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2019-02-05
To House Finance Committee
VAHB1557IntroIntangible personal property; personal property used in manufacturing. Clarifies that personal property used directly in manufacturing in the locality in which the tax is assessed is classified as intangible personal property. Current law does not re...
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2018-11-30
To House Finance Committee
VASB583EngrossWestern Virginia Transportation Fund; revenues. Creates the Western Virginia Transportation Fund (Fund), to be used by the West Virginian Transportation Commission, also created by the bill, to fund transportation projects in Planning Districts 1, 2,...
[Detail][Text][Discuss]
2018-11-30
To House Finance Committee
VAHB966IntroTaxation in the Commonwealth; income tax, sales tax, and credit for certain local taxes. Provides, for taxable years 2018 through 2022, a refundable credit against individual and corporate income taxes for a business's aggregate tax liability under t...
[Detail][Text][Discuss]
2018-11-30
To House Finance Committee
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