Virginia Code | Chapter 58 Article 1

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VAHB724Intro
25%
Personal property taxation rates; restrictions and conditions. Restricts differences in the rates of taxation of personal property for taxpayers who are elderly or handicapped to owners of motor vehicles (i) whose income does not exceed the greater o...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1159Intro
25%
Individual income tax; distribution of revenues; local school construction. Requires distribution of one percent of the individual income tax revenues collected from residents of a locality to be distributed to that locality. The bill requires such f...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1160Intro
25%
Portable benefit accounts; tax credit. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account offered through and administered by a bank, credit u...
[Detail][Text][Discuss]
2024-02-13
To House Appropriations Committee
VAHB1183Intro
25%
Land preservation tax credit; maximum amount increase. Increases from $75 million to $100 million, beginning in 2024, the maximum amount of land preservation tax credits that may be issued in a calendar year.
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1297Intro
25%
Recordation tax revenues; land protection and preservation. Provides that beginning July 1, 2026, after required distributions for transportation and localities under current law, up to $200 million of the remaining recordation tax revenues shall be ...
[Detail][Text][Discuss]
2024-02-13
To House Appropriations Committee
VAHB1267Intro
25%
Virginia Tourism Authority; Governor's Major Entertainment Opportunity Fund. Renames the Governor's Motion Picture Opportunity Fund under the Virginia Tourism Authority as the Governor's Major Entertainment Opportunity Fund and changes its purpose fr...
[Detail][Text][Discuss]
2024-02-13
To House Appropriations Committee
VAHB771Intro
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]
2024-02-13
To House Appropriations Committee
VAHB1234Intro
25%
Eligible educator income tax deduction; home school instruction income tax credit. Increases from $500 to $1,500 for tax years 2024 through 2026 the amount of income tax deduction certain eligible educators may deduct for qualifying expenses. The b...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1262Intro
25%
Local sales tax entitlement; blighted retail district. Entitles a blighted retail district in Stafford County that undergoes a major reconstruction or renovation involving a capital investment of at least $15 million to the one percent local sales ta...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1223Intro
25%
Land preservation tax credit; maximum amount increase. Increases from $75 million to $100 million, beginning in 2024, the maximum amount of land preservation tax credits that may be issued in a calendar year.
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1275Intro
25%
Home instruction and private school tax credit. Creates an individual, nonrefundable income tax credit for taxable years 2024 through 2028 for amounts paid by the parent or legal guardian of a child for the child's home instruction expenses or tuitio...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1308Intro
25%
Tangible personal property tax relief; rate of taxation. Removes the $950 million cap, beginning in tax year 2025 and all tax years thereafter, on the amount of tangible personal property tax relief reimbursed to localities by the Commonwealth. The b...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1327Intro
25%
Income tax subtractions; Virginia National Guard military pay. Creates an income tax subtraction for military pay received by an individual for active service in the Virginia National Guard during either (i) an out-of-state deployment or (ii) a state...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1328Intro
25%
Transient occupancy taxes; administration. Makes changes to the administration of transient occupancy taxes by requiring the Department of Taxation, instead of the locality, to collect such taxes. The bill directs accommodations intermediaries to fil...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1380Intro
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]
2024-02-13
To House Finance Committee
VAHB1394Intro
25%
Income tax subtraction; unlawful discrimination. Provides an income tax subtraction for any amount received by a claimant for noneconomic damages as a result of unlawful discrimination, defined in the bill, for taxable years beginning on and after Ja...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1407Intro
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]
2024-02-13
To House Finance Committee
VAHB1411Intro
25%
Motor vehicle sales and use tax; definition of sale price. Excludes from the sale price for determining motor vehicle sales and use tax the amount of any credit given by the seller for any motor vehicle taken as a trade-in.
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1400Intro
25%
Retail sales and use tax; commercial and industrial exemptions; sunset. Extends the sunset from July 1, 2024, to June 30, 2025, for the retail sales and use tax exemption of certain materials and equipment used in the drilling, extraction, or process...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1447Intro
25%
Pass-through entity tax; penalty waiver. Directs the Department of Taxation to waive penalties imposed on any pass-through entity paying the pass-through entity income tax for taxable years beginning on and after January 1, 2021, but before January 1...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1444Intro
25%
Distribution of state sales and use tax based on the population of cities and counties ages five to 19 and for the state's share of Standards of Quality basic aid payments.
[Detail][Text][Discuss]
2024-02-13
To House Appropriations Committee
VAHB1437Intro
25%
Sales tax; school construction. Adds the City of Portsmouth to the list of localities that, under current law, are authorized to impose an extra one percent local sales tax to provide revenue for constructing or renovating schools.
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1527Intro
25%
Electric vehicle charging equipment tax credit. Provides an income tax credit for the costs of installing electric vehicle charging equipment at a gas station. The credit shall extend for five years once claimed. For the first year of the credit, the...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1478Intro
25%
Casino gaming; cruise ships. Authorizes the conduct of cruise ship casino gaming in the offshore waters of the Commonwealth by a cruise ship operator that applies for and receives a permit from the Virginia Lottery. The bill sets an annual permit fee...
[Detail][Text][Discuss]
2024-02-13
To House General Laws Committee
VAHB1507Intro
25%
Penalties and interest associated with the filing of tax returns or payment of taxes.
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1517Intro
25%
Adoption tax credit. Creates a tax credit for taxable years 2024 through 2028 that may be claimed by an individual or married couple filing jointly for qualified adoption expenses, as defined in the bill. The bill imposes certain limitations on who m...
[Detail][Text][Discuss]
2024-02-13
To House Finance Committee
VAHB1509Intro
25%
Restrictions on the sale of nicotine vapor products containing liquid nicotine and hemp products intended for smoking; civil penalties. Provides restrictions and prohibitions on certain retail sales that include (i) restrictions on the number of nico...
[Detail][Text][Discuss]
2024-02-13
To House Appropriations Committee
VASB251Intro
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]
2024-02-12
To Senate Finance and Appropriations Committee
VASB501Intro
25%
Virginia College Savings Plan; Virginia College Opportunity Virginia College Savings Plan; Virginia College Opportunity Endowment and Fund. Directs the board of the Virginia College Savings Plan (the Plan) to deposit $250 million per year of surplus ...
[Detail][Text][Discuss]
2024-02-12
To Senate Finance and Appropriations Committee
VAHB443Intro
25%
Local government; standardization of public notice requirements for certain meetings, hearings, or intended actions. Standardizes the frequency with which and length of time in which notices of certain meetings, hearings, and other intended actions o...
[Detail][Text][Discuss]
2024-02-09
Stricken from docket by Counties, Cities and Towns (21-Y 0-N)
VAHB447Intro
25%
Motor vehicle rental and peer-to-peer vehicle sharing tax; disposition. Redirects revenues derived from motor vehicle rental and peer-to-peer vehicle sharing taxes from the Commonwealth Transportation Fund to the Special Fund for Administration of Av...
[Detail][Text][Discuss]
2024-02-08
To House Transportation Committee
VAHB88Intro
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]
2024-02-07
To House Finance Committee
VAHB116Intro
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]
2024-02-07
To House Finance Committee
VAHB240Intro
25%
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
VAHB552Intro
25%
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
VAHB540Intro
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]
2024-02-07
To House Finance Committee
VASB183Intro
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]
2024-02-07
To Senate Finance and Appropriations Committee
VAHB621Intro
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]
2024-02-07
To House Finance Committee
VASB310Intro
25%
Tax credit; nonfamily adoptions. Creates a $4,000 nonrefundable tax credit for taxable years 2024 through 2028 for an individual or married couple who, during the taxable year, finalize a legal nonfamily adoption as defined in the bill.
[Detail][Text][Discuss]
2024-02-07
Passed by indefinitely in Finance and Appropriations (10-Y 5-N)
VAHB1078Intro
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]
2024-02-07
To House Finance Committee
VAHB887Intro
25%
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
VAHB865Intro
25%
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
VAHB969Intro
25%
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
VAHB889Intro
25%
Sales and use tax on services. Levies the retail sales 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 co...
[Detail][Text][Discuss]
2024-02-07
To House Finance Committee
VAHB1096Intro
25%
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
VAHB1292Intro
25%
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
VASB410Intro
25%
Virginia Tourism Authority; Governor's Major Entertainment Opportunity Fund. Renames the Governor's Motion Picture Opportunity Fund under the Virginia Tourism Authority as the Governor's Major Entertainment Opportunity Fund and changes its purpose fr...
[Detail][Text][Discuss]
2024-02-07
Passed by indefinitely in Finance and Appropriations (11-Y 4-N)
VAHB1281Intro
25%
Taxation. Decreases, beginning in taxable year 2025, 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...
[Detail][Text][Discuss]
2024-02-07
To House Finance Committee
VAHB1305Intro
25%
Virginia College Savings Plan; Virginia Virginia College Savings Plan; Virginia College Opportunity Endowment and Fund. Directs the board of the Virginia College Savings Plan (the Plan) to deposit $250 million per year of surplus moneys from the Plan...
[Detail][Text][Discuss]
2024-02-07
To House Appropriations Committee
VASB512Intro
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)
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