CONTENTS | < PREVIOUS | NEXT > | BILL INDEX

Taxation

P Passed

P HB1596

Individual income tax; voluntary contribution to 4-H Educational Centers. Allows individuals, on and after January 1, 2002, but before January 1, 2007, who are entitled to a refund to designate part or all of the refund to be used by 4-H Educational Centers throughout the Commonwealth.
Patron - Grayson

P HB1603

Local admissions tax. Extends the sunset date for enacting local admissions taxes on events held at major league baseball stadiums from January 1, 2002, to January 1, 2005. While counties currently have the authority to levy local admissions taxes on events held at major league baseball stadiums, such taxes cannot be imposed as there are no major league baseball stadiums in Virginia. The authority to levy these local taxes will expire on January 1, 2005, unless, before that time, the Virginia Baseball Stadium Authority has executed a lease with a major league baseball team.
Patron - Callahan

P HB1657

Fuels tax; corrections to "tax at the rack." Corrects the Virginia Motor Fuels Act, which was enacted during the 2000 General Assembly Session, as follows: (i) requires shipping documents issued by terminal operators to be machine-printed and those issued by operators of a bulk plant to be printed on a form; (ii) deletes language that would have allowed DMV to inspect books and records that are not maintained on the business' premises at any hour, provided one of the person's places of business is open at the time of inspection; and (iii) clarifies when and how refunds of motor fuels tax are granted for recreational watercraft.
Patron - Parrish

P HB1715

Delinquent real estate taxes; distribution of surplus after sale of real estate. Provides that any unclaimed surplus from the proceeds of the sale of real estate for delinquent real property taxes shall be paid to the county, city, or town that received proceeds for delinquent taxes from such sale. Under current law, towns are not eligible to receive such surplus.
Patron - Callahan

P HB1746

Registration of dealers for collection of the retail sales and use tax. Removes the signature requirement under the application for a dealer's certificate of registration for collection of the retail sales and use tax. This bill is identical to SB 857.
Patron - Drake

P HB1752

Personal property tax; classification for auxiliary deputy sheriffs. Adds motor vehicles owned or leased by auxiliary, reserve or special deputy sheriffs to the list of tangible personal property tax classifications that localities may tax at a different rate.
Patron - Parrish

P HB1761

Transient occupancy tax; Bedford County. Authorizes Bedford County to impose an additional three percent transient occupancy tax with the revenues to be used solely for tourism purposes.
Patron - Cranwell

P HB1774

Filing the annual return with employee withholding tax statements by electronic means. Provides that an employer who furnishes 250 or more withholding tax statements to employees must file the annual withholding report using an electronic medium. An employer who furnishes less than 250 statements may file the annual report using an electronic medium. This requirement is effective for annual reports filed on and after January 1, 2002, and the Tax Commissioner may waive the requirement if it creates an unreasonable burden on the employer. The Tax Commissioner is to adopt guidelines providing standards for filing the annual report on an electronic medium. This bill is identical to SB 852.
Patron - Howell

P HB1775

Personal property tax; separate classification for forest harvesting equipment. Adds forest harvesting and silvicultural activity equipment as another class of personal property for taxation purposes.
Patron - Putney

P HB1830

Taxation; reassessments of real estate. Extends the time in which general reassessment of real estate in Hanover County must occur from December 31 of the year of the reassessment, to three months after December 31 in such year.
Patron - Hargrove

P HB1869

Recordation taxes; tax on recordation of leases of billboards. Limits the tax to $25 on recordation of leases of outdoor advertising signs for which permit fees are paid to VDOT.
Patron - Cranwell

P HB1987

Real property tax; exemption or deferral of taxes on property for certain elderly and handicapped; income limits. Raises the income limit from $52,000 to $62,000 and the financial worth amount from $195,000 to $240,000 for purposes of the exemption or deferral of taxes on real property located in the Eighth planning district. The statewide income limit is raised from $30,000 to $50,000. Localities are authorized to exempt or defer the real estate taxes of the elderly under such applicable limits. This bill is identical to SB 939.
Patron - Black

P HB1999

Local tax administration; warrants, tax bills and security interests. Provides that (i) treasurers may deduct other charges in addition to taxes due from a party in whose favor a warrant is drawn, (ii) treasurers may transmit any local tax bill by means of facsimile transmission or e-mail, and (iii) taxes specifically assessed against goods and chattels distrained constitute a lien against the property so assessed. Incorporates HB 2124.
Patron - Parrish

P HB2000

Motor fuels tax; definitions. Clarifies the definition of diesel fuel by adding the term "undyed" to the terms "#1 fuel oil" and "#2 fuel oil" and removing the term "kerosene." The bill also clarifies the definition of heating oil by adding the term "dyed" to the terms "#1 fuel oil" and "#2 fuel oil." The changes are effective January 1, 2001.
Patron - Parrish

P HB2022

Land use assessment; extension of deadline. Authorizes localities to provide further extension for filing land use assessments. Currently, localities are allowed to provide a 60-day extension upon payment of a late filing fee. The bill would allow such localities to provide an additional 30-day extension upon payment of an extension fee. The extension fee may not exceed the amount of such late filing fee.
Patron - May

P HB2145

Low-income housing tax credit. Adds provisions to the low-income housing tax credit that allow (i) taxpayers to carry over any unused credit for 5 taxable years or until the full credit is used, whichever occurs first; (ii) taxpayers to take the credit against additional taxes (i.e. trust, estates, bank franchise, insurance premiums); and (iii) partners and S-corporation shareholders to allocate the credits either in proportion to their ownership interests or in accordance with a signed written agreement. The bill also reduces the amount of low-income housing tax credits that may be approved in a calendar year from $3.5 million to $500,000.
Patron - Drake

P HB2182

Property tax exemptions. Grants a property tax exemption to the following organizations: The Fraternal Order of Eagles, Fredericksburg Aerie 4123; New River Community Action, Inc.; Friendship Industries, Inc.; National Sporting Library, Inc.; Audubon Naturalist Society of the Central Atlantic States, Inc.; King's Grant Community League, Inc.; Halifax Educational Foundation, Inc.; International Society of Air Safety Investigators; O.A.R. of Fairfax County, Inc.; Mantua Hills Swimming Association, Inc.; The Memorial Foundation of the Germanna Colonies in Virginia, Inc.; Walden Glen Swim and Racquet Club, Inc.; Lions Mobile Sight and Hearing Unit of District 24-D, Inc.; Chesapeake Soccer Foundation; The Salem Woods Civic Association, Inc.; Kiwanis Club of Chester, Inc. Foundation; Montgomery County Christmas Store; Virginia Quilt Museum; The Laurel Shelter, Inc.; Tidewater Soaring Foundation; Hands Across Mathews of Mathews, Virginia; Mathews County Land Conservancy; TWBTS, Inc.; Delta Community Service Foundation; Coastal Conservation Association; Community Alternatives Management Group, Inc.; Greater Orange Community Development Corporation; CAMG - A, Inc.; CAMG - B, Inc.; CAMG - C, Inc.; CAMG - D, Inc.; CAMG - E, Inc., CAMG - F, Inc.; CAMG - G, Inc.; and CAMG - H, Inc.; Bedford Breakfast Lions Club; Psychiatric Rehabilitation Services, Inc.; Eastern Shore of Virginia Barrier Islands, Inc.; Mary Immaculate Nursing Center, Inc.; Shining Light Masonic Lodge 272 and Order of Eastern Star Chapter 182; Groome Road Home, Inc.; Holmes Run Acres Recreation Association, Inc.; Sleepy Hollow Bath and Racquet Club, Inc.; Carolanne Farm Swim Club, Inc.; Hopewell Optimist Club; Ocean View Democratic and Social Club, Inc.; Charles H. Taylor Arts Center Foundation, Inc.; and National Wildlife Federation. The bill incorporates HB's 72, 1576, 1599, 1623, 1636, 1947, 2624, 2626, 2628 and 2636.
Patron - Howell

P HB2220

Liens on real estate and personal property for unpaid severance taxes. Creates a lien for the payment of taxes and levies authorized under §§ 58.1-3712 and 58.1-3713 on real and personal property owned by persons engaging in the business of severing coal from the earth. This lien is prior to all other liens, except for liens on real estate for the payment of real estate taxes. The lien covers the real and personal property owned by persons engaged in the business of severing coal.
Patron - Stump

P HB2224

Commonwealth Mass Transit Funds. Requires the allocations from the Commonwealth Mass Transit Fund be used to support 80 percent (rather than a maximum of 95 percent) of the costs borne by the localities for the purchase of fuels, lubricants, tires and maintenance parts and supplies for public transportation in 2002, and 95 percent in 2003 and succeeding years.
Patron - Almand

P HB2287

Consumer utility taxes; exemption for nonprofit organizations. Allows localities' governing bodies to exempt utilities consumed on property designated or classified as exempt pursuant to Article X, Section 6 (a)(6) of the Virginia Constitution from payment of any or all of the consumer utility taxes.
Patron - Barlow

P HB2342

Exchange of tax information. Authorizes the Commissioner of the Department of Motor Vehicles to exchange tax information with other states and countries that are members of the International Fuel Tax Agreement in order to facilitate the collection of taxes under the Agreement. Any person receiving such tax information is subject to the same prohibitions and penalties applicable to tax officials and revenue officers when exchanging confidential taxpayer information.
Patron - Blevins

P HB2414

Sales and use tax; commercial and industrial exemptions. Extends the sunset to July 1, 2005, from the sales and use tax exemption for activities and items associated with space facilities, satellites, and vehicles.
Patron - May

P HB2443

Local taxes; deduction of taxes from warrants by treasurer; compact among localities. Allows two or more localities to enter into compacts by which the treasurer paying warrants may first deduct taxes and other charges owed to any participating locality that are due from the party in whose favor the warrant is drawn, following notice and a hearing. The compacts must conform substantially to the requirements of the Setoff Debt Collection Act (§ 58.1-520 et seq.).
Patron - Almand

P HB2493

Grant program for growing oysters. Creates a grant program for individuals who grow oysters pursuant to a valid Virginia Marine Resources Commission General Permit for Noncommercial Riparian Shellfish Growing Activities, who also obtains a receipt pursuant to § 28.2-201.1 according to procedures established by the Virginia Marine Resources Commission evidencing the transfer of at least 500 oysters. The grant paid in a calendar year is to be an amount equal to the lesser of $300 or the actual amount spent by the individual on growing oysters during the applicable calendar year. The bill also creates the Oyster Growing Activities Fund from which the grants will be made. The Virginia Marine Resources Commission is to administer the Fund and the grant program.
Patron - Larrabee

P HB2528

Coal & gas severance tax and coal and gas road improvement tax; ratification of certain ordinances. Provides that ordinances adopted pursuant to §§ 58.1-3712, 58.1-3713 and 58.1-3713.4, prior to January 1, 2001, shall be presumed valid and inclusive of all the provisions of such sections provided such ordinances were in substantial compliance with §§ 58.1-3712, 58.1-3713 and 58.1-3713.4 at the time of their adoption. This bill is identical to SB 1410.
Patron - Phillips

P HB2583

Taxation; contribution of refunds by check-off. Permits individuals to designate that a specified amount of their income tax refunds, or additional amounts, be contributed to local school improvement projects. The refund check-off sunsets January 1, 2007.
Patron - Byron

P HB2651

Income tax; checkoff for contributions to promote organ and tissue donations. Allows individuals entitled to an income tax refund to designate such refund or part of it to be given to the Virginia Transplant Council for the promotion and coordination of educational and informational activities related to the organ, tissue, and eye donation process in the Commonwealth, for taxable years beginning on and after January 1, 2002. This check-off sunsets January 1, 2007.
Patron - Amundson

P HB2663

Classification of real property; land and improvements. Permits the City of Fairfax to tax improvements to real property at a lower tax rate than that imposed on the land on which the improvements are located by creating a separate classification for taxation purposes. Incorporates HB 2037.
Patron - Diamonstein

P HB2814

State recordation tax; amount to be taxed. Requires the recordation tax to be based on the amount paid for the property and removes the option of basing it on the actual value of the property.
Patron - Tate

P HB2820

Individual Income Tax. Repeals series of obsolete language regarding the age subtraction program that provides a $12,000 subtraction for all taxpayers 65 years or older and $6,000 for taxpayers aged 62 through 64.
Patron - Grayson

P HB2830

Sales and use tax; commercial and industrial exemptions; sunset extension. Extends the sunset date from 2001 to 2006 for (i) certified pollution control equipment and facilities, and (ii) materials and equipment used in natural gas and oil production.
Patron - Parrish

P SB791

Property tax exemption; Fraternal Order of Eagles, Fredericksburg Aerie 4123. Grants a property tax exemption to the Fraternal Order of Eagles, Fredericksburg Aerie 4123, a charitable nonprofit organization, for real and personal property owned by the organization and located in the County of Stafford. The bill also grants property tax exemptions to: Friendship Industries, Inc.; Downtown Greens, Inc.; Train Station Foundation; National Sporting Library, Inc.; Homestretch, Inc.; Kernstown Battlefield Association, Inc.; Mary Immaculate Nursing Center, Inc.; The Friends School; M. E. Cox Center for Elder Day Care, Inc.; Bedford Breakfast Lions Club; The Closet of the Greater Herndon Area, Inc.; and DePaul Family Services, Inc. This bill incorporates SB 795, SB 826, SB 886, SB 909, SB 940, SB 968, SB 1009, SB 1037, SB 1070, SB 1094, and SB 1118.
Patron - Chichester

P SB794

P SB834

Natural gas consumption tax. Provides that if a locality's license fee rate is set at a lower rate than the local consumption tax rate component of the natural gas consumption tax, the excess funds collected by the State Corporation Commission shall constitute additional state consumption tax revenue. The bill also allows localities to impose the local consumption tax at the time that natural gas service is made available in such localities.
Patron - Watkins

P SB852

P SB857

P SB901

Real property tax; multi-year agricultural and horticultural crops. Authorizes localities to waive any minimum prior use requirements for multi-year agricultural and horticultural crops that otherwise qualify as real estate devoted to agricultural or horticultural uses for real property tax purposes pursuant to regulations of the Commissioner of Agriculture and Consumer Services.
Patron - Mims

P SB939

Local real estate taxes. Raises the income limit from $30,000 to $50,000 for the majority of localities. It further authorizes certain Northern Virginia local governing bodies, by ordinance, to raise the income and financial worth limitations for any exemption or deferral program, thereby allowing more persons to qualify for such program. The income limitation may be raised to a maximum of the greater of $62,000 or the income limits based upon family size for the respective metropolitan statistical area, annually published by the U.S. Department of Housing and Urban Development. The financial worth amount may be raised to $240,000, from which the value of the dwelling and the land, not to exceed one acre, upon which the dwelling is situated shall be excluded. This bill is identical to HB 1987.
Patron - Byrne

P SB976

Sales and use tax exemption for spaceport activities. Extends the sunset date of the sales and use tax exemption for personal property involved in spaceport activities from July 1, 2001 to July 1, 2011.
Patron - Norment

P SB1086

Admissions tax; New Kent County. Adds New Kent County (using population description) to the list of counties that may levy a tax on admissions charged for attendance at any event.
Patron - Bolling

P SB1110

Transient occupancy tax; Mecklenburg County. Permits any county with a population no less than 29,100 and no greater than 29,300 to impose the transient occupancy tax at a rate of up to five percent with the amount above two percent being used for promoting tourism.
Patron - Ruff

P SB1112

Income tax credit for purchase of machinery and equipment for processing recyclable materials. Extends the sunset date of tax credits allowed for the purchase of machinery and equipment for processing recyclable materials from January 1, 2001, to January 1, 2004, for both individual and corporate income tax credits.
Patron - Ruff

P SB1161

Entitlement to certain sales tax revenues. Entitles the City of Staunton (described by population) to all sales tax revenues generated by transactions taking place in certain public facilities to pay the cost of bonds issued to pay for such public facilities. Such entitlement shall continue for the lifetime of such bonds, which entitlement shall not exceed 30 years, and all such sales tax revenues shall be applied to repayment of the bonds.
Patron - Hanger

P SB1242

Real property partial exemptions and tax credits; fees for processing. Authorizes localities to charge fees that do not exceed $125 for residential properties, or $250 for commercial, industrial, and apartment properties of six units or more for processing applications for certain partial exemptions and tax credits on real property taxes for certain rehabilitated, renovated, or replacement residential and commercial structures.
Patron - Marsh

P SB1320

Local meals tax. Provides that in those counties where a referendum is required to impose the local meals tax, the question on the ballot for the referendum shall include language stating for what projects and/or purposes the revenues collected from the tax are to be used, if the resolution of the board of supervisors or the petition initiating such referendum states for what projects and/or purposes the revenues collected from the tax are to be used.
Patron - Hawkins

P SB1387

Local severance taxes. Authorizes counties and cities to impose an additional local severance tax on persons engaging in the business of severing gases from the earth. A county or city may impose this additional tax at a rate not to exceed one percent of the gross receipts from the sale of gases severed within the county or city. The revenues from this increase shall be used for constructing new and improved water systems and lines in areas with natural water supplies that are insufficient in quality or quantity. The bill also provides that the fair market value of gases sold outside the county or city shall be measured at the time such gases are severed from the earth at a wellhead. This bill would increase the license tax rate that counties and cities may currently levy on businesses severing gases from three percent to four percent.
Patron - Wampler

P SB1409

Sales and use tax. Provides for several new sales and use tax exemptions and extends the sunset dates for exemptions set to expire June 30, 2001. This bill incorporates SB 965, SB 966, SB 1143, and SB 1183.
Patron - Miller, K.G.

P SB1410

Coal and gas severance tax and coal and gas road improvement tax; ratification of certain ordinances. Provides that ordinances adopted pursuant to §§ 58.1-3712, 58.1-3713 and 58.1-3713.4, prior to January 1, 2001, shall be presumed valid and inclusive of all the provisions of such sections provided such ordinances were in substantial compliance with §§ 58.1-3712, 58.1-3713 and 58.1-3713.4 at the time of their adoption. This bill is identical to HB 2528.
Patron - Wampler

P SB1421

Electricity and gas companies local license tax. Clarifies that the local license tax shall not be imposed after December 31, 2000, on pipeline distribution companies, gas suppliers, gas utilities or electric suppliers, except upon gross receipts for calendar year 2000. The bill also has one technical correction.
Patron - Watkins

F Failed

F HB72

Property tax exemption; the National Wildlife Federation. Grants a property tax exemption to the National Wildlife Federation, a charitable nonprofit corporation, for property located in Fairfax County. This bill has been incorporated into HB 2182.
Patron - Callahan

F HB1325

Income tax; different tax rate on income derived from sale of certain real estate. Provides for the imposition of a 2.3 percent tax rate on the taxable proceeds of a sale of an apartment building or complex to its tenant organization or to a nonprofit organization, effective for taxable years beginning on January 1, 2002 through December 31, 2005.
Patron - Almand

F HB1559

Lottery Board; powers. Requires the Lottery Board through regulation to express the prize amounts for winning tickets or share in all advertisements of the lottery as the estimated present value of such winnings if the prize is not payable in one single payment. The bill also repeals an obsolete provision of the lottery law.
Patron - Pollard

F HB1563

Lottery proceeds; remove "primary" from advertising language. Deletes the term "primary" so that no funds shall be spent for the purpose of inducing individuals to play the lottery.
Patron - Parrish

F HB1576

Property tax exemption; Community Alternatives Management Group, Inc. Grants a real property tax exemption to Community Alternatives Management Group, Inc., a charitable and benevolent nonprofit corporation, for real property located in the City of Newport News. Incorporated into HB 2182.
Patron - Hamilton

F HB1599

Property tax exemption; Shining Light Masonic Lodge 272 and Order of Eastern Star Chapter 182. Grants a property tax exemption to the Shining Light Masonic Lodge 272 and Order of Eastern Star Chapter 182, both benevolent organizations, for real property they jointly own in Powhatan County. Incorporated into HB 2182.
Patron - Ware

F HB1623

Property tax exemption; New River Community Action, Inc. Grants a property tax exemption to New River Community Action, Inc., a charitable and benevolent organization, for real property it owns at 110 Roanoke Street, Christiansburg, in Montgomery County. Incorporated into HB 2182.
Patron - Shuler

F HB1628

Income tax; credit for purchase of teacher's instructional materials. Provides a credit against the individual income tax to teachers in the Commonwealth in grades K through 12, both public and private, who purchase instructional materials and supplies for use in their classrooms. The credit is limited to the lesser of $100 or the tax liability of the individual during the year of the purchase, and any excess may be carried over for five years. The effective date for the credit is January 1, 2002. The legislation will be delayed if any of the events that would delay the car tax relief occurs in calendar year 2001. If such a delay occurs, the law shall become effective January 1 of the first year thereafter in which none of the delaying events occurs.
Patron - Black

F HB1636

Property tax exemption; Groome Road Home, Inc. Grants a property tax exemption for real property owned by Groome Road Home, Inc. located in the City of Newport News. Incorporated into HB 2182.
Patron - Diamonstein

F HB1640

Motor vehicle sales and use tax. Reduces the sales and use tax from three percent to one and one-half percent on motor vehicles running on clean special fuels or propelled primarily by electric charge.
Patron - Deeds

F HB1675

Watercraft sales and use tax exemption; commercial watermen. Exempts from the watercraft sales and use tax any watercraft purchased by a commercial waterman for his own use. Current law exempts watercraft constructed by a commercial waterman for his own use.
Patron - Pollard

F HB1749

Income tax; residents' taxable income; charitable contributions deduction. Provides a deduction to taxpayers calculating their Virginia taxable income for their charitable contributions for which a deduction is not allowed for federal income tax purposes, for taxable years beginning on and after January 1, 2002, if such deduction is not allowed because it exceeds 50 percent of the taxpayer's federal adjusted gross income.
Patron - Purkey

F HB1750

Sales tax on food; definition of food. Adds sandwiches, salad bar items sold from a salad bar, prepackaged single-serving salads consisting primarily of an assortment of vegetables, nonfactory sealed beverages, packaged ice cream and frozen yogurt, packaged pies, and packaged bakery items to the other items that are not considered "food purchased for human consumption" for purposes of the sales tax on food.
Patron - Parrish

F HB1796

Sales and use tax exemption; hospices. Provides a sales and use tax exemption for all federally tax-exempt nonprofit organizations, from July 1, 2001, through June 30, 2005, which are organized for the purpose of caring for the needs of terminally ill patients. This bill has been incorporated into HB 2004.
Patron - Sherwood

F HB1815

Sales and use tax exemption; Family Focus of Richmond County, Inc. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, from July 1, 2001, through June 30, 2005, which is organized to fund, administer, and provide services and programs to disadvantaged citizens of Richmond County, Virginia, or citizens otherwise in need of social services, including jointly administered programs with other communities. This bill has been incorporated into HB 2004.
Patron - Pollard

F HB1879

Virginia Land Conservation Foundation; dedication of recordation taxes. Dedicates to the Virginia Land Conservation Foundation, on a phased-in schedule, the amount by which annual state recordation taxes exceed $91.4 million. In 2001, 25 percent of such funds are so dedicated; in 2002, 50 percent of such funds are so dedicated; in 2003, 75 percent of such funds are so dedicated; and in 2004 and thereafter, 100 percent of such funds are so dedicated.
Patron - Albo

F HB1921

Sales and use tax exemption; Planned Parenthood of Metropolitan Washington, Inc. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, from July 1, 2001, through June 30, 2005, which is organized to protect and advance reproductive rights and to assure access to family planning services to all who want them.
Patron - Van Yahres

F HB1934

Income tax; refund of surplus revenues. Requires the refund of surplus revenues when they exceed the amount required to be deposited in the Revenue Stabilization Fund by at least $50 million. The Department of Taxation shall make refunds based on each taxpayer's pro rata share of excess revenues collected in the calendar year in which the fiscal year surplus is determined. The taxpayer must have filed an income tax return for such calendar year.
Patron - Nixon

F HB1945

Sales and use tax exemption; Navy League of the United States and Congressional Schools of Virginia. Grants a sales and use tax exemption to (i) a nonprofit organization that is organized to be educational and motivational by acquiring and spreading before the citizens of the United States information on the condition of the naval and maritime forces and equipment of the United States, and to awaken interest and cooperation in all matters tending to aid, improve, and develop their efficiency; and (ii) a nonprofit organization that is organized to provide a stable educational system beginning in infancy and continuing through the eighth grade emphasizing traditional values and traditional education. This bill has been incorporated into HB 2004.
Patron - Hull

F HB1947

Property tax exemption; Holmes Run Acres Recreation Association, Inc. and Sleepy Hollow Bath and Racquet Club, Inc. Grants property tax exemptions to Holmes Run Acres Recreation Association, Inc., and Sleepy Hollow Bath and Racquet Club, Inc., both nonprofit corporations, for property they own in Fairfax County. Incorporated into HB 2182.
Patron - Hull

F HB1957

Sales and use tax exemption; Association of Schools of Public Health, Inc. Provides a sales and use tax exemption for a federally tax-exempt nonprofit corporation, from July 1, 2001, through June 30, 2002, which is organized for the purpose of representing the accredited graduate schools of public health in the United States and Puerto Rico and member programs in academic public health to serve their collective needs as they pursue research, professional service, and the education and training of professional service, and the education and training of professional public health personnel.
Patron - Van Landingham

F HB1961

Income tax credits for educational expenses and contributions; the Virginia Children's Educational Opportunity Act 2001. Establishes nonrefundable income tax credits for tuition and other instructional fees charged by a public or private school and for certain fees and costs incurred in association with home schooling. The maximum amount of the credit is 80 percent of the qualifying expenses incurred per child, or 100 percent if the taxpayer is a member of a household whose combined adjusted gross income does not exceed 185 percent of the federal poverty guideline amount.To qualify for the tax credit for educational expenses, the student for whom the expenses were incurred must be eligible to be enrolled in a public school free of charge and qualify to be claimed as a dependent on the taxpayer's federal tax return. The maximum amount of the credit for taxpayers who are not in low-income households is capped at $500 for taxable year 2002. In subsequent years, the amount increases by $500 per year until taxable year 2006, when the maximum allowable credit is capped at $2,500. In the case of students enrolled in a qualified school not charging tuition, the credit cannot exceed $550 per child. The legislation also provides an income tax credit for cash donations to a charitable tax-exempt corporation in Virginia that (i) provides financial assistance up to $3,100 per child for the education of children from low-income households and households in which parents lack sufficient tax liability to claim the personal tax credits allowed by this bill, and (ii) expends all of certain cash contributions as grants to cover qualifying educational expenses of such children. Support for home schooling is limited to $550 per child. The maximum amount of the credit starts at $200 per taxpayer for taxable year 2002, and increases in $100 annual increments thereafter until reaching $500 in 2005. Such contributions cannot be designated for the direct benefit of a specific child. Taxpayers cannot claim both types of credits in the same year. Both types of tax credits become effective for taxable years beginning on or after January 1, 2002. The Department of Taxation is required to promulgate regulations to implement these credits, including providing the format for a standardized receipt to be issued by school tuition organizations and qualifying schools.
Patron - Katzen

F HB1975

Income tax; Virginia taxable income of residents; personal exemptions. Gradually increases the personal exemption from $800 to $1,500 by taxable year 2005. In 2006, the $1,500 deduction amount shall be indexed annually according to the Consumer Price Index. Some obsolete language is also deleted.
Patron - McClure

F HB1984

Motor fuel tax; rate increase. Increases the tax rate on motor fuel used in highway vehicles by 10 cents per gallon. The tax increase was calculated to reflect both the reduction in average miles per gallon of passenger cars and the increase in the cost of road construction since 1986.
Patron - Watts

F HB1988

Income tax; taxable income of residents; deduction for common interest community assessment. Provides a deduction to individuals when calculating their Virginia taxable income for that portion of the regular annual assessment attributable to the equivalent of municipal services paid to a common interest community.
Patron - Black

F HB1989

Corporate income tax; tax benefit certificate program. Creates a process that allows technology and biotechnology companies that are unable to use their income tax credits to their benefit to sell the credits to other corporate taxpayers who can use the credits to reduce their tax liability. An amount equal to at least 75 percent of the value of the surrendered tax benefit is to be paid by the corporation taxpayer that is the recipient of the corporation tax benefit certificate to the technology and biotechnology company surrendering the benefit. The Innovative Technology Authority will establish the program and will approve, with the Department of Taxation's assistance, applications from companies who want to participate.
Patron - Black

F HB1994

Imposition and administration of income and property taxes. Increases the individual income tax rate by one percent at each level (from two percent to three percent, three percent to four percent, five percent to six percent, and 5 3/4 percent to 6 3/4 percent) and the corporate income tax rate from six percent to seven percent, effective January 1, 2002. The bill also limits the rate localities may levy for the personal property tax to $0.01 per $100 of assessed value for tax years beginning on and after January 1, 2002. The Tax Commissioner will administer the additional income tax revenues and distribute them to the localities based on the residence of each individual taxpayer and each locality's share of total full-time employees.
Patron - Parrish

F HB1995

Sales and use tax; salary limits for certain organization's employees. Provides, for taxable years beginning on and after July 1, 2001, that no nonprofit organization shall be exempt from sales and use tax if any one of its employees is paid more than $100,000 in annual salary and benefits.
Patron - Parrish

F HB2001

Sales and use tax; use of property by service providers. States that a service provider is the user and consumer of all tangible personal property purchased for use in providing services, except for certain property for resale, or for incorporation into property sold, to the United States pursuant to a contract that (i) expressly references the provisions of the Walsh-Healey Public Contracts Act, 41 U.S.C. § 35 et seq., and (ii) is governed by the provisions of such Act. This bill has been incorporated into HB 2064.
Patron - Parrish

F HB2003

Sales and use tax exemptions; omnibus bill for new exemptions. Grants sales and use tax exemptions for the following organizations and others that are similarly situated: Blue Ridge Hospice, Inc., Brain Injury Association of Virginia, Inc., Bristol Ballet Company, Center for Christian Study, Center for Multicultural Human Services, The Children's Center, Council for National Policy, C.P.C. of Roanoke Valley, Eastern Shore of Virginia Resource Conservation and Development Council, Inc., Eastern Virginia Chapter of the Organization of Chinese-Americans, Inc., Emmaus Ministries, Inc., Fairfax Partnership for Youth, Inc., Fairfax Symphony Orchestra, Friends Association for Children, Gallastar Equine Center, Inc., George Washington's Birthplace National Memorial Association, Germanna Community College Educational Foundation, Inc., Grenadians United in Virginia, Inc., The Guild for Washington Concert Opera, Inc., Hanover Tavern Foundation, Haven of Northern Virginia, The Highland Center, Hospice of the Piedmont, Inc., Legal Information Network for Cancer, Menchville House Ministries, Inc., Norfolk Marine Institute, Inc., Northern Virginia NTRAK, Inc., NTRAK Modular Railroading Society, Inc., PetFix Coalition, Planned Parenthood of the Blue Ridge, Planned Parenthood of Southeastern Virginia, The Saltville Foundation, Shen-Paco Industries, Inc., Taylor's Valley Community Club, Virginia Baptist Hones Foundation, Inc., Virginia Council of EAA Chapters, Inc., The VA League for Planned Parenthood, The Voting Integrity Project, Inc., Williamsburg Choral Guild, Winchester-Frederick County Conservation Club, Inc., The Children's Advocacy Center of Bristol/Washington Company, Va., Inc., Culpeper Memorial Hospital Support Services, Fine Arts Center for the New River Valley, Inc., Gateway Streetscape Foundation, Inc., Glenvar Youth Boosters, The John Randolph Foundation, Inc., The Seniors Coalition, Women in the Giving Spirit, Crisis Pregnancy Center of Tidewater, Inc. This bill incorporates HB 2659 and has been incorporated into HB 2004.
Patron - Parrish

F HB2004

Sales and use tax exemptions. Extends the sunset date for sales and use tax exemptions benefiting many organizations. This bill incorporates HB 1796, HB 1815, HB 1945, HB 2003, HB 2509, and HB 2742.
Patron - Parrish

F HB2017

Individual income tax; distribution of a portion of individual income tax revenues to localities; Localities' Share of Individual Income Tax Revenue Fund. Establishes the Localities' Share of Individual Income Tax Revenue Fund into which two percent of individual income tax revenues shall be deposited in 2003 for distribution to localities. The percentage increases two percent each year until it reaches a maximum of 10 percent in 2007. The amount in the fund is to be distributed annually to counties and cities as follows: (i) 50 percent distributed based on the relative share of the total state income tax paid by taxpayers filing returns in each locality; (ii) 40 percent distributed based on where wages are earned; and (iii) 10 percent divided equally among all 135 counties and cities.The amount distributed to counties is then to be shared with towns located within the counties based on the towns' relative share of total population within the county. Fifty percent of the amount distributed to any county with towns would be divided among the county and its towns based on population. If a county has no towns within its boundaries, the county keeps the entire distribution of individual income tax revenue. Distributions are to be made by the State Treasurer to localities no later than September 1, with the first one beginning in 2003. Any corrections in the amount of distributions will be made in the fiscal year immediately following the year in which the incorrect distribution was made.
Patron - May

F HB2036

State and local income tax. (i) Reduces the individual state income tax rates by approximately 13.75 percent; (ii) authorizes localities to impose a local income tax at rates equivalent to the reduction in the state income tax; (iii) exempts from taxation motor vehicles used for nonbusiness purposes; and (iv) repeals the Personal Property ("car tax") Relief Act of 1998. The bill is effective: (i) January 1, 2003, and (ii) only if a Constitutional amendment is ratified by the voters exempting motor vehicles used for nonbusiness purposes from taxation.
Patron - Rust

F HB2037

Classification of real property; City of Fairfax. Permits the City of Fairfax to tax improvements to real property at a lower tax rate than that imposed on the land on which the improvements are located by creating a separate classification for taxation purposes. This bill has been incorporated into HB 2663.
Patron - Rust

F HB2064

Sales and use tax; use of property by service providers. States that a service provider is the user and consumer of all tangible personal property purchased for use in providing exempt services, but not of certain property for resale, or for incorporation into property sold, to the United States pursuant to (i) a contract that expressly references and is governed by the provisions of the Walsh-Healey Public Contracts Act, 41 U.S.C. § 35 et seq. or (ii) a task order or purchase order for the purchase of tangible personal property. This bill is not effective unless reenacted by the 2002 General Assembly. The bill incorporates HB 2001.
Patron - Parrish

F HB2119

Enterprise zones; real property investment tax credit increase. Increases the cumulative real estate investment tax credit for a small qualified zone resident from $125,000 to $250,000 when the investment occurs in an enterprise zone in a locality that ranks among the top 25 percent of the Commonwealth's localities in terms of fiscal stress.
Patron - DeBoer

F HB2135

Sales and use tax exemption; The Association for Biodiversity Information. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, beginning July 1, 2001, and ending July 1, 2005, organized to further (i) informed decision-making in matters of biodiversity protection, and (ii) development of an integrated, biodiversity database that aggregates network data on rare, threatened, and declining species and natural communities, their conservation status, and their landscape settings.
Patron - Albo

F HB2184

Virginia Technology and Biotechnology Research and Development Act created. Creates the Virginia Technology and Biotechnology Research and Development Act. This bill creates a tax credit for qualified research expenses, which is defined by § 41 of the Internal Revenue Code as in-house expenses or contract research expenses, paid by a technology or biotechnology company. This credit is for an amount equal to 50 percent of the qualified research expenses paid in excess of the base amount, calculated in accordance with § 41 of the Internal Revenue Code. Also created is a credit for basic research payments, which, in accordance with § 41 of the Internal Revenue Code and modified to benefit the Commonwealth, means payments made to companies and nonprofit research institution and organizations located in the Commonwealth for research in technology and biotechnology. Neither credit is to exceed 50 percent of the tax liability due nor exceed $500,000. Any unusable tax credit may be carried over for 10 succeeding taxable years. Each tax credit is capped at $5 million per taxable year; however, if the cap is not reached in a given taxable year, any amount left over shall be utilized in the succeeding taxable year, in addition to that year's caps of $5 million.The bill also creates the "Corporation Tax Benefit Certificate Program" to be administered by the Department of Taxation in cooperation with the Innovative Technology Authority. Under the program, technology or biotechnology companies may transfer their unused but otherwise allowable qualified research expenses tax credits for a minimum of 75 cents on the dollar to another corporation taxpayer provided neither is an affiliate or a subsidiary of the other. The proceeds from the transfer can be used for a broad range of "costs" associated with operating a technology or biotechnology company. These tax credits and the Corporation Tax Benefit Certificate Program are for taxable years beginning on or after January 1, 2002.
Patron - Purkey

F HB2221

License taxes; additional two percent tax on gross receipts of businesses severing gases. Allows localities to impose an additional license tax on every person engaging in the business of severing gases from the earth. A county or city may impose this additional tax at a rate not to exceed two percent of the gross receipts from the sale of gases severed within the county or city. Revenues from this tax shall be used exclusively for constructing new and improved water systems and lines in areas with natural water supplies that are insufficient from the standpoint of quality or quantity. Current law allows counties and cities to levy license taxes on businesses severing gases at a rate not to exceed three percent. This bill would increase that rate to a total of five percent.
Patron - Stump

F HB2242

Sales and use tax on food purchased for human consumption. Effective July 1, 2001, exempts food purchased for human consumption, as defined in the Food Stamp Act of 1977, 7 U.S.C. § 2012, as amended, from state and local sales and use taxes. The bill provides for a General Fund reimbursement for the current (i) one-half percent of the state sales and use tax paid into the Transportation Trust Fund; (ii) one percent local sales and use tax; and (iii) one percent sales and use tax distributed to localities by school population.
Patron - Day

F HB2244

Income tax; fire and rescue squad volunteers tax credit. Provides an income tax credit for individuals who serve as volunteers on local fire and rescue squads for taxable years beginning on and after January 1, 2002. The credit is one dollar per hour, not to exceed $100 each tax year.
Patron - Day

F HB2247

Limit on state debt. Prohibits the issuance of any additional state debt in any fiscal year when the Commonwealth of Virginia makes payments to political subdivisions under the Personal Property Tax Relief Act of 1998.
Patron - Day

F HB2248

Local sales and use tax. Authorizes any locality to levy an additional local sales and use tax at the rate of one percent. The revenue generated by the additional tax shall be used solely to build and maintain roads within the locality or within the locality's planning district.
Patron - Day

F HB2249

Individual income tax; distributions to localities. Provides for the distribution to localities of one percent of the revenues collected annually from the individual income tax based on each taxpayer's residence, beginning January 1, 2002. It also establishes a nonreverting fund into which the revenues are to be deposited before being distributed to localities.
Patron - Day

F HB2251

Sales and use tax; temporary exemption. Provides an exemption from the state sales and use tax for tangible personal property items purchased for the period August 29 through September 7 each year.
Patron - Day

F HB2252

Reduced sales and use tax for certain clothing, footwear, and computers. Establishes a state sales and use tax exemption during the period from September 1 through September 7, 2001, and every September 1 through September 7 thereafter, for "clothing and footwear" costing less than $500 per article; "computer systems" costing less than $1,500; and "computers," "computer hardware," and "computer software" costing less than $500. The bill also requires the Department of Taxation to promulgate regulations that implement the temporary exemption program by August 15, 2001. This bill has been incorporated into HB 2511.
Patron - Day

F HB2286

Local cigarette tax; Isle of Wight County. Adds Isle of Wight County to the list of counties that may levy a local cigarette tax of up to five cents per pack.
Patron - Barlow

F HB2288

Individual income tax; Virginia taxable income; military retirement income subtraction. Allows a subtraction in the amount of two percent multiplied by the number of years of active duty in the armed forces with the product multiplied by the first $30,000 of military retirement income when calculating Virginia taxable income for taxable years beginning on and after January 1, 2002.
Patron - Barlow

F HB2301

Major business facility job tax credit. Reduces the threshold amount of qualified full-time jobs under § 58.1-439. To qualify for the major business facility job tax credit under § 58.1-439, the newly established or expanding company generally must create at least 100 new full-time jobs. For taxable years beginning on and after January 1, 2001, the bill would reduce this threshold amount to 50; if the company is located in an economically distressed area or in an enterprise zone, the bill would further reduce the threshold amount to 25; and if the company is engaged in providing information technology services, the bill would reduce the threshold amount to 20.
Patron - Amundson

F HB2326

Virginia Technology Internship Program tax credits. Grants a tax credit to employers in an amount equal to up to 50 percent of all wages paid to an eligible student intern for services performed in conjunction with an eligible information technology internship. The amount of the credit per eligible student intern shall not exceed $2,000. The total amount of such tax credits shall not exceed $2,000,000. In addition, an employer is allowed a credit of $1,000 per teacher or guidance counselor to whom the employer provides an eligible information technology training course. The total amount of such tax credits shall not exceed $500,000. Both credits are available for taxable year 2002.
Patron - May

F HB2333

Sales and use tax exemption; Air Force Retired Officers Community - Washington, D.C., Inc. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, from July 1, 2001, through June 30, 2005, which is organized to develop, own, and operate a continuing care retirement community to be known as Falcons Landing for elderly persons, in particular, retired, commissioned officers of the United States Air Forces and their spouses.
Patron - Black

F HB2338

Sales and use tax exemption; commercial and industrial exemptions. Provides a sales and use tax exemption for personal property purchased by a contractor and used solely in any construction project for a local school division.
Patron - Blevins

F HB2354

Income tax; employer-provided commuting benefits tax credit. Grants an income tax credit to employers who pay eligible commuting expenses of their employees for taxable years beginning on and after January 1, 2002. Eligible commuting expenses are those costs that cover travel between an employee's residence and place of employment by means of multiple-occupancy vehicle transportation and mass-transit transportation. The maximum annual credit for commuting expenses is the lesser of $240 per employee or the employer's tax liability for the tax year. Unused credits are not refundable, and they cannot be carried over or back to a different taxable year. An employer may not claim a tax credit for the expenses to the extent he has taken a deduction for such expenses for federal income tax purposes.
Patron - McEachin

F HB2408

Sales and use tax exemption; Association of Christian Schools International. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, beginning July 1, 2001, and ending July 1, 2002, which is organized for the purpose of enabling Christian educators and schools worldwide to effectively prepare students for life.
Patron - Griffith

F HB2416

Income tax; credits for solar energy. Provides an individual and corporate income tax credit equal to 35 percent of the costs of solar energy equipment placed in service for business purposes during the taxable year, up to $250,000 a year per taxpayer for taxable years beginning on and after January 1, 2002. The total amount of such credits for all taxpayers shall not exceed $10 million for any fiscal year. This bill has been incorporated into HB 2474.
Patron - Morgan

F HB2440

Sales and use tax; commercial and industrial exemptions. Exempts from sales and use tax the purchase of machinery, equipment and energy used directly to produce computer software for resale or licensing. Currently, such machinery, equipment, and energy are exempt only when used in the manufacture of tangible personal property for resale.
Patron - Harris

F HB2446

Individual income tax; distribution of a portion of individual income tax revenues to localities; Localities' Share of Individual Income Tax Revenue Fund. Establishes the Localities' Share of Individual Income Tax Revenue Fund into which two percent of individual income tax revenues shall be deposited in 2003 for distribution to localities. The percentage increases two percent each year until it reaches a maximum of 10 percent in 2007. The amount in the fund is to be distributed annually to counties and cities as follows: (i) 50 percent distributed based on the relative share of the total state income tax paid by taxpayers filing returns in each locality; (ii) 40 percent distributed based on where wages are earned; and (iii) 10 percent divided equally among all 135 counties and cities. The amount distributed to counties is then to be shared with towns located within the counties based on the towns' relative share of total population within the county. Fifty percent of the amount distributed to any county with towns would be divided among the county and its towns based on population. If a county has no towns within its boundaries, the county keeps the entire distribution of individual income tax revenue. Distributions are to be made by the State Treasurer to localities no later than September 1, with the first one beginning in 2003. Any corrections in the amount of distributions will be made in the fiscal year immediately following the year in which the incorrect distribution was made.
Patron - Clement

F HB2447

Administration of taxes; reciprocal agreement with the State of North Carolina. Instructs the Governor to make every effort to enter into a reciprocal agreement for the collection of taxes on behalf of the Commonwealth with the appropriate authorities from the State of North Carolina, no later than January 1, 2004. The Governor will report on his progress to the chairmen of the House and Senate Committees on Finance by the first day of the 2002 and 2003 Sessions.
Patron - Clement

F HB2452

Sale price of motor vehicles subject to the motor vehicle sales and use tax. Reduces the taxable price of a motor vehicle for purposes of determining motor vehicle sales and use tax liability by the value of any motor vehicle taken in trade. The amount of credit for a vehicle taken in trade is the lesser of the allowance given by the seller or the wholesale value of the vehicle as specified in a recognized pricing guide.
Patron - Clement

F HB2459

Fuels tax refunds for rural mail carriers. Allows a refund for fuel used in privately-owned vehicles driven by rural mail carriers when delivering U.S. mail.
Patron - Phillips

F HB2466

Qualified equity and subordinated debt investments tax credit. Amends the qualified equity and subordinated debt investment tax credit (§ 58.1-339.4) in the following manner: (i) increases the total amount of tax credit available in a calendar year from $5 million to $20 million; (ii) changes the $50,000 cap per taxpayer to an amount equal to 10 percent of the total amount of tax credit available in a calendar year; (iii) reduces the tax credit from an amount equal to 50 percent of the investment to 25 percent of the investment so that the total amount invested would be higher; and (iv) reduces the number of years an investor must retain the equities from five years to two years. Therefore, the amount required to claim the maximum amount of credit is raised from $100,000 per taxpayer to $8 million, and the amount of the total potential investments under the credit is raised from $10 million to $80 million. These changes are to be made for taxable years beginning on or after January 1, 2002.
Patron - Bennett

F HB2467

Tax credit for investing in a small technology business. Creates a state tax credit for individuals, partnerships, and corporations that invest in small technology businesses for taxable years beginning on and after January 1, 2002. A small technology business is defined as a private business that (i) is engaged in research and development or commercialization of information technology or biotechnology, (ii) has 10 or fewer full-time employees, and (iii) is engaged in business in the Commonwealth. An individual taxpayer is allowed a credit in the amount equal to 25 percent of the investment, not to exceed $50,000. A partnership or a corporation is allowed a credit in the amount equal to 25 percent of the investment, not to exceed $100,000. The Secretary of Technology and the Tax Commissioner are given authority to promulgate regulations governing the credit.
Patron - Bennett

F HB2469

Income tax deduction; energy program contributions. Creates a Virginia personal income tax exemption for contributions to a utility company emergency energy program if the utility company is an agent for a charitable organization that assists individuals with emergency energy needs and contributions to such charitable organization can be identified as a "charitable contribution" under § 170(c) of the Internal Revenue Code. The deduction may be taken only by taxpayers who do not take a deduction for the contribution on their federal income tax returns. The deduction applies to taxable years beginning on and after January 1, 2002. This is a recommendation of the Consumer Advisory Board established under the Electric Utility Restructuring Act.
Patron - Plum

F HB2474

Income tax credit; solar energy equipment. Provides a personal and corporate income tax credit for the purchase and installation of equipment that (i) generates electricity from solar energy or (ii) uses solar energy to heat or cool a structure or provide hot water. The amount of the credit shall be 15 percent of the cost of purchasing and installing eligible equipment, capped at $1,000 per year. The credit is nonrefundable, and any unused tax credit may be carried over for five years until all the tax credit is taken. The equipment must provide a minimum of 10 percent of the building's energy needs, and must be approved by the Department of Mines, Minerals, and Energy. This is a recommendation of the Consumer Advisory Board established under the Electric Utility Restructuring Act. The credit sunsets January 1, 2006. This bill incorporates HB 2416.
Patron - Plum

F HB2484

Marine Patrols Fund and Marine Habitat and Waterways Improvement Fund; portion of sales and use tax revenues. Provides for an amount generated by a two percent sales and use tax and collected from the sale of fishing and auxiliary fishing equipment purchased for salt water use to be deposited into the Marine Patrols Fund and the Marine Habitat and Waterways Improvement Fund. The amount to be deposited is determined by multiplying a ratio, the numerator of which is the number of salt water fishing days for the immediately preceding year and the denominator of which is the number of salt water and fresh water fishing days for the same year, by the total amount of the two percent sales and use tax collected in the state on all fishing and auxiliary fishing equipment for that year. The remaining amount is deposited into the Game Protection Fund. Currently, all of such revenues are deposited into the Game Protection Fund.
Patron - Bloxom

F HB2489

Taxation; local recordation tax rates. Increases the maximum local recordation tax rate from one-third of the state recordation tax rate to two-thirds of the state recordation tax rate. Any increased revenues resulting from such increase in the maximum tax rate shall be used exclusively for acquiring and preserving open-spaces.
Patron - Moran

F HB2494

Income tax; standard deduction for married taxpayers. Increases the standard deduction for married taxpayers calculating their Virginia taxable income from $5,000 to $6,000 beginning January 1, 2002, thereby eliminating any "marriage penalty." The standard deduction for single taxpayers is $3,000.
Patron - Larrabee

F HB2501

Income tax; taxable income of residents; age deduction. Requires the $12,000 and $6,000 age deduction amounts to be indexed annually by an amount equivalent to the most recent percentage increase in the social security wage base, effective for taxable years beginning on or after January 1, 2001.
Patron - Robinson

F HB2509

Educational sales and use tax exemption; Parent Teacher Association. Extends the sales and use tax exemption for Parent Teacher Associations and similarly situated organizations until July 1, 2002. This bill has been incorporated into HB 2004.
Patron - Reid

F HB2511

Sales and use tax exemption; school-related items. Beginning in 2002, provides a sales and use tax exemption for certain school-related items purchased during a specific one-week period during the end of August each year. The exempt items are: (i) school supplies, footwear, and clothing where the selling price of each item is $100 or less; (ii) computer systems where the selling price for each system is $1,500 or less; and (iii) computers, computer hardware, computer software, and portable calculators where the selling price for each item is $500 or less. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchaser of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner. This bill incorporates HB 2252.
Patron - Reid

F HB2526

Local severance taxes. Authorizes counties and cities to impose an additional local severance tax on persons engaging in the business of severing gases from the earth. A county or city may impose this additional tax at a rate not to exceed one percent of the gross receipts from the sale of gases severed within the county or city. The effective date of the bill is July 1, 2001, and the increase is applicable for license years beginning on or after January 1, 2001. By statute, in calendar year 2001 most taxpayers will be required to pay their local Business, Professional and Occupational Licensing and severance taxes on March 1. At least one-half of the revenues from this increase shall be used for constructing new and improved water systems and lines in areas with natural water supplies that are insufficient in quality or quantity. The bill also provides that the fair market value of gases sold outside the county or city shall be measured at the time such gases are severed from the earth at a wellhead.This bill would increase the license tax rate that counties and cities may currently levy on businesses severing gases from three percent to four percent.
Patron - Phillips

F HB2542

F HB2548

Sales and use tax; for profit college exemption. Broadens the current exemption to include school textbooks sold for use by students attending for-profit colleges or institutions of learning. The current exemption is for nonprofit colleges or institutions of learning.
Patron - Katzen

F HB2551

Sales and use tax; nonprofit schools. Broadens the current exemption to include school textbooks sold for use by students attending nonprofit schools. The current exemption is for nonprofit colleges or institutions of learning.
Patron - Katzen

F HB2582

Property tax exemption; farm equipment. Exempts from property tax all farm machinery and equipment owned by a farmer and used in farming.
Patron - Phillips

F HB2617

Sales and use tax; governmental and commodities exemption for appliances. Beginning July 1, 2002, grants a sales and use tax exemption for certain energy efficient appliances. It also requires the Tax Department to develop, with the assistance of industry and public interest representatives, information programs and materials regarding the exemption.
Patron - Cranwell

F HB2624

Property tax exemption; Carolanne Farm Swim Club, Inc. Grants a property tax exemption to Carolanne Farm Swim Club, Inc., for real property it owns in the City of Virginia Beach. Incorporated into HB 2182.
Patron - Tata

F HB2626

Property tax exemption; Hopewell Optimist Club. Grants a property tax exemption to the Hopewell Optimist Club for property it owns in the City of Hopewell. Incorporated into HB 2182.
Patron - Ingram

F HB2628

Property tax exemption; Ocean View Democratic and Social Club, Inc. Grants a personal property tax exemption to Ocean View Democratic and Social Club, Inc., a charitable corporation, for property it owns in the City of Norfolk. Incorporated into HB 2182.
Patron - Drake

F HB2636

Property tax exemption; Charles H. Taylor Arts Center Foundation, Inc. Grants a real property tax exemption to the Charles H. Taylor Arts Center Foundation, Inc., a cultural nonprofit corporation, for real property owned by the organization located in the City of Hampton. Incorporated into HB 2182.
Patron - Christian

F HB2659

Sales and use tax exemption; John Randolph Foundation. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, beginning July 1, 2001, but before July 1, 2005, that is organized to identify and support innovative and creative health and quality of life improvements for the common good of communities in the central Virginia area. This bill has been incorporated into HB 2003.
Patron - Ingram

F HB2682

Severance tax; sand, marl, and gravel. Authorizes any county or city to impose a license tax on persons engaged in the business of severing sand, marl, or gravel from the earth at a rate not to exceed one percent of the gross receipts from the sale of sand, marl, or gravel severed within such county or city.
Patron - Barlow

F HB2684

Income tax; earned income tax credit. Creates a refundable state earned income tax credit for individuals qualifying for the federal earned income tax credit and filing a joint return in an amount equal to 10 percent of the federal earned income tax credit, for taxable years beginning on or after January 1, 2002.
Patron - Moran

F HB2742

Sales and use tax exemption; Old Dominion University Research Foundation. Provides a sales and use tax exemption for a federally tax-exempt nonprofit organization, beginning July 1, 2001, and ending July 1, 2002, which is organized for the purpose of serving as the administrative, financial, and fiscal agent for an institution of higher education in the Commonwealth of Virginia in research and sponsored program administration. This bill has been incorporated into HB 2004.
Patron - Moss

F HB2747

Neighborhood Assistance Act; allocation of tax credits. Sets aside $1 million of the $8 million in tax credits for businesses that donate to the Virginia Second Harvest Food Banks.
Patron - Dickinson

F HB2752

Income tax; deduction for property taxes paid by full-time volunteer firemen and rescue squad members. Provides a deduction in calculating Virginia taxable income equal to the amount of real property taxes paid annually by any full-time volunteer fireman or rescue squad member for his primary residence and the land on which it is located, up to one acre.
Patron - Deeds

F HB2753

Sales and use tax; food for human consumption. Exempts food for human consumption from the state sales and use tax.
Patron - Deeds

F HB2756

Tangible Personal Property Tax Relief Act of 1998. Deleted obsolete language that was effective for 1998 only.
Patron - Parrish

F HB2767

Statewide referendum on continuation of state lottery. Provides for a statewide referendum at the November 6, 2001, election on the question "Shall Virginia continue the State Lottery? The bill provides for the repeal of the State Lottery Law, effective January 1, 2002, only if a majority of the voters vote "No"on such question.
Patron - Cranwell

F HB2776

Sales and use tax; additional tax in Eighth Planning District to fund transportation projects. Increases the state sales and use tax by one-half percent in all cities and counties within the Eighth Planning District. The revenues from such increase shall be deposited into the Northern Virginia Transportation Fund to fund transportation projects in the Eighth Planning District. The bill also increases the maximum principal amount of transportation revenue bonds that may be issued for the Northern Virginia Transportation District Program from $471.2 million to $2,771,200,000, specifies additional transportation projects to be funded by such bonds, and authorizes the Commonwealth Transportation Board to designate additional transportation projects to be paid for from the Northern Virginia Transportation Fund under certain conditions. The bill has a delayed effective date of January 1, 2002, and is contingent upon approval by a majority of persons voting in a joint referendum on November 6, 2001, of all the cities and counties in the Eighth Planning District whose governing bodies choose to put the referendum question on the ballot.
Patron - Dillard

F HB2806

Income tax; Broadband Internet Access Tax Credit. Provides an individual and corporate income tax credit to taxpayers in order to accelerate deployment of (i) current generation broadband access to the Internet for users located in certain low-income and rural areas and (ii) next generation broadband access for all users. The tax credit for any taxable year equals the sum of (a) the current generation broadband credit, plus (b) the next generation broadband credit. The current generation broadband credit for any taxable year equals 10 percent of the qualified expenditures incurred with respect to qualified equipment offering current generation broadband services to rural subscribers or underserved subscribers. The next generation broadband credit for any taxable year shall equal 20 percent of the qualified expenditures incurred with respect to qualified equipment offering next generation broadband services to all rural subscribers, all underserved subscribers, or any other residential subscribers. The credit in the aggregate for any taxable year will not exceed $750,000. If the amount of credits applied for exceed that limit, the Tax Department will allocate the credits on a pro rata basis. The credit applies to taxable years beginning on or after January 1, 2002, but before January 1, 2005.
Patron - Hull

F HB2815

Penalty for failure to file certain tax returns. Imposes a maximum penalty for failure to file tax returns with the Department of Taxation and the Virginia Employment Commission of two times the amount of tax due.
Patron - Tate

F HB2832

Individual income tax; refunds. Provides that the Commonwealth shall pay interest and penalty on individual income tax refunds if such refunds are not issued (i) by June 1 or 60 days from the date of filing of the individual income tax return, whichever is earlier, for returns filed before May 1, and (ii) within 30 days for individual income tax returns filed on or after May 1. The penalty shall equal six percent for each month that interest accrues. Interest shall also be assessed on the amount of the penalty.
Patron - Woodrum

F HB2845

Income tax credit, individuals and corporations. Provides an individual and corporate income tax credit for the costs of rainwater harvesting systems placed in service during the taxable year. The credit is up to $50,000 for each rainwater harvesting system placed in service during the taxable year by a corporation and up to $2,000 for each rainwater harvesting system placed in service during the taxable year by an individual. The credit is non-refundable and may be carried forward for five taxable years. The Board of Health must approve the use of the rainwater harvesting system before any credit is granted.
Patron - Day

F HB2852

Income tax credit for tolls. Allows an individual income tax credit for amounts paid for the use of any highway in the Commonwealth. The credit applies only to tokens and electronic toll collection payments, as evidenced by receipts.
Patron - Ware

F HB2856

Individual income tax; deductions, exemptions, rates and credits. Incorporates changes to the individual income tax proposed by the Commission on Virginia's State and Local Tax Structure for the 21st Century. The proposed changes include (i) two levels of income tax rates (instead of four) of five percent (which increases to six percent on January 1, 2003) on the first $50,000 of taxable income and 5.75 percent (which increases to 6.75 percent on January 1, 2003) on taxable income greater than $50,000; (ii) standard deductions of $7,000 for married taxpayers and $3,500 for single and married-filing-separately taxpayers; (iii) replacement of personal exemptions on the state income tax return with a $125 credit for each personal exemption the taxpayer is allowed on his federal income tax return; and (iv) a state earned income tax refundable credit equal to 20 percent of the federal EITC. The bill also increases the corporate income tax from six to seven percent and limits the rate localities may levy for the personal property tax to one cent per $100 of assessed value for tax years beginning on and after January 1, 2002. The Tax Commissioner will administer the additional income tax revenues and distribute them to the localities based on the residence of each individual taxpayer and each locality's share of total full-time employees.
Patron - Hull

F HB2867

State and local income taxes. Reduces the individual state income tax rates by approximately 13.75 percent; authorizes localities to impose a local income tax at rates equivalent to the reduction in the state income tax; exempts from taxation motor vehicles used for nonbusiness purposes; and repeals the Personal Property ("car tax") Relief Act of 1998. The bill is effective: (i) January 1, 2003, and (ii) only if a Constitutional amendment is ratified by the voters exempting motor vehicles used for nonbusiness purposes from taxation.
Patron - Day

F SB782

Sales and use tax exemptions. Extends the sunset date for an exemption from sales and use tax on personal property purchased for use or consumption by the following nonprofit organizations: American Heart Association, Inc., The Boxwood Garden Club, Inc., Henrico County Court Appointed Special Advocates, Inc., Masonic Home of Virginia, Maymont Foundation, National Kidney Foundation, the Richmond Strikers, Virginia Blood Services, and Virginia United Methodist Home.
Patron - Stosch

F SB783

Sales and use tax; food purchased for human consumption. Eliminates the requirement that actual general fund revenues exceed the official general fund revenue estimates by at least one percent, which currently is a condition for reaching the next level of tax relief on food purchased for human consumption. For the period April 1, 2001, through March 31, 2002, the bill provides for a two and one-half percent state sales tax on food purchased for human consumption. The bill contains an emergency clause.
Patron - Marye

F SB790

Individual income taxes; credit for taxes paid to another state on lottery winnings. Provides an individual income tax credit for taxes paid to another state on lottery winnings. Virginia residents are subject to Virginia income tax on winnings from another state's lottery. In some cases, these persons are also subject to income tax in such other state on the same lottery winnings.
Patron - Puller

F SB792

Income and sales and use taxes; income tax credits and sales and use tax exemptions and reductions for producing and using clean and efficient energy. Provides several tax incentives for using clean and efficient energy including (i) a corporate income tax credit in an amount equal to 0.85 cents for each kilowatt of electricity produced from certain renewable energy resources; (ii) an individual and corporate income tax credit for the costs of photovoltaic and solar water heating property placed in service during the taxable year; (iii) exemptions from the sales and use tax for certain appliances meeting energy star efficiency requirements developed by the federal government and for heat pumps, air conditioners, and natural gas water heaters meeting specified performance measures; and (iv) a 50 percent reduction in the motor vehicle sales and use tax for purchasing or retrofitting motor vehicles that run on clean special fuels.
Patron - Whipple

F SB795

Property tax exemption; Friendship Industries, Inc. Grants a property tax exemption to Friendship Industries, Inc., a charitable nonprofit organization, for property owned by the organization and located at 801 Friendship Drive in Rockingham County. Incorporated in SB 791.
Patron - Miller, K.G.

F SB797

State taxes; accrual and payment of interest on refunds. Requires that interest on refunds of state taxes accrues 21 days after payment of the tax. Current law provides that interest accrues 60 days after payment of the tax or 60 days after the last day prescribed by law for such payment, whichever is later.
Patron - Mims

F SB825

Property tax exemption; Bryant Foundation. Grants a property tax exemption to The Bryant Foundation, a charitable nonprofit organization, for real and personal property owned by the organization and located in the Town of Orange.
Patron - Houck

F SB826

Property tax exemption; Downtown Greens, Inc. Grants a property tax exemption to Downtown Greens, Inc., a charitable nonprofit organization, for real and personal property owned by the organization and located in the City of Fredericksburg. Incorporated in SB 791.
Patron - Houck

F SB832

Telephone and enhanced 911 service taxes; exemptions. Provides that no locality may impose telephone service tax and enhanced 911 service tax on volunteer rescue squads and volunteer fire departments.
Patron - Hawkins

F SB851

Marine Patrols Fund; portion of sales and use tax revenues. Provides for an amount generated by a two percent sales and use tax and collected from the sale of fishing and auxiliary fishing equipment purchased for salt water use to be deposited into the Marine Patrols Fund. The amount to be deposited is determined by multiplying a ratio, the numerator of which is the number of salt water fishing days for the immediately preceding year and the denominator of which is the number of salt water and fresh water fishing days for the same year, by the total amount of the two percent sales and use tax collected in the state on all fishing and auxiliary fishing equipment for that year. The remaining amount is deposited into the Game Protection Fund. Currently, all of such revenues are deposited into the Game Protection Fund.
Patron - Wagner

F SB855

Local real estate taxes. Provides that real estate that is otherwise exempt from local taxes shall be subject to such taxes only if such real estate is a source of substantial net income. Net income is determined using generally accepted accounting principles, including the cost of depreciation and other expenses relating to the operation and maintenance of such real estate.
Patron - Stosch

F SB867

Individual income tax; credit for tuition at institutions of higher education. Provides a credit against individual income taxes for tuition-related expenses at institutions of higher education beginning January 1, 2001. For any taxable year beginning before January 1, 2003, the credit amount is equal to 20 percent of the first $5,000 of tuition-related expenses. For any taxable year beginning on or after January 1, 2003, the credit amount is equal to 20 percent of the first $10,000 of tuition-related tuition expenses. Only those taxpayers with a total combined federal adjusted gross income of $40,000 or less may claim the credit. No credit may be taken for tuition paid (i) under a prepaid tuition contract; (ii) by means of scholarships that are excluded from federal adjusted gross income; or (iii) certain payments made on behalf of the individual that are excluded from federal adjusted gross income. Any unused credit may be carried forward for five taxable years.
Patron - Miller, Y.B.

F SB869

Sales and use tax exemption; Manterfly Youth Development, Incorporated. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to ensure that young people will be given the opportunity to reach their full potentials and become productive members of society by, including but not limited to, providing counseling and related services.
Patron - Puller

F SB871

Sales and use tax exemption; The Mid-Atlantic Regional Archives Conference (MARAC). Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) organization organized to promote the preservation and use of archival and historical research materials and the professional education of its members through, including but not limited to, holding conferences and workshops and publishing newsletters and other written materials.
Patron - Puller

F SB882

Individual income taxes; personal exemption and standard deduction amounts. For taxable year 2001, increases the personal exemption for Virginia taxable income purposes from $800 to $1,000 for each personal exemption allowable to the taxpayer for federal income tax purposes. Also, for taxable year 2001, increases the standard deduction for married persons from $5,000 to $6,000, thereby eliminating any "marriage penalty." The standard deduction for single taxpayers remains unchanged at $3,000. For the 2002 taxable year and subsequent taxable years, the $1,000 personal exemption and the standard deduction for individuals and married persons will increase based upon annual increases in the Consumer Price Index.
Patron - Martin

F SB886

Property tax exemption; Train Station Foundation. Grants a property tax exemption to the Train Station Foundation, a historical nonprofit organization, for real and personal property owned by the organization and located in the City of Bristol. The exemption is effective January 1, 2000. Incorporated in SB 791.
Patron - Wampler

F SB890

Sales and use tax exemption; International Christian Centers for the Deaf, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to promote and provide for the religious education of the deaf persons through, including but not limited to, teaching sign language to deaf children and hearing persons.
Patron - Trumbo

F SB903

Sales and use tax exemption; Parents and Researchers Interested in Smith-Magenis Syndrome (PRISMS), Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to 501 (c) (3) corporation organized (i) to educate its members, medical professionals, and the general public about Smith-Magenis Syndrome (SMS); (ii) to encourage, support and fund SMS related research; (iii) to support individuals and families affected by SMS and related disorders; and (iv) to promote other activities related to SMS.
Patron - Mims

F SB909

Property tax exemption; National Sporting Library, Inc. Grants a property tax exemption to the National Sporting Library, Incorporated, a benevolent and cultural nonprofit organization, for real property owned by the organization and located in Loudoun County and the Town of Middleburg. Exemption is effective January 1, 2001. Incorporated in SB 791.
Patron - Mims

F SB916

Sales and use tax exemption; Children's Advocacy Center of Bristol/Washington County, Virginia, Inc. Provides a sales and use tax exemption, from July 1, 2001, through July 1, 2005, to a 501 (c) (3) corporation organized to combat child abuse by coordinating and providing crisis intervention and counseling services to children and their families through a neutral, child-focused facility.
Patron - Wampler

F SB917

Sales and use tax exemption; The Bristol Concert Ballet Company. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) corporation that promotes, encourages, and sustains community interest and education in ballet by, including but not limited to, providing performing experience for advanced ballet students.
Patron - Wampler

F SB921

Sales and use taxes; medical-related exemption. Extends the sales and use tax exemption for tangible personal property for use or consumption by a nonprofit hospital or a nonprofit licensed nursing home to a nonprofit hospice. Extends the sunset date of said sales and use tax exemption from June 30, 2001, to June 30, 2003.
Patron - Houck

F SB922

Sales and use tax exemption; Friends of the Rappahannock. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a nonprofit river conservation organization that is exempt from taxation pursuant to § 501 (c) (3) of the Internal Revenue Code and organized to protect the natural, scenic, recreational, and historical values of the Rappahannock River and its tributaries.
Patron - Houck

F SB924

Sales and use tax exemption; Boat People S.O.S., Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to assist local Vietnamese communities by providing but not limited to naturalization, immigration status adjustment, family reunification, translation, consumer rights protection, community education on health including mental health, training for caseworkers and service providers, English education, computer education, and other specialized human services.
Patron - Byrne

F SB930

Sales and use tax exemption; Virginia Academy of Science. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) organization that is organized (i) to establish and maintain an association of persons and organizations interested in science and scientific research; (ii) to cooperate with educational institutions, industries, and state agencies in fostering an interest in scientific matters, in promoting scientific investigations and in spreading knowledge of the sciences; and (iii) to provide a forum for the presentation and discussion of papers on scientific subjects and facilities for their publication.
Patron - Houck

F SB931

Sales and use tax exemption; KidsPeace National Centers for Kids in Crisis of North America, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation providing services, including but not limited to, (i) providing care to destitute, delinquent, abandoned, neglected, dependent or emotionally disturbed children; and (ii) establishing, operating, and maintaining an independent community-based treatment program for emotionally disturbed children, adolescents, and their families. This bill has been incorporated into SB 966.
Patron - Martin

F SB932

Sales and use tax exemption; Robert and Dee Leggett Foundation. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a private 501 (c) (3) foundation organized to receive and hold funds or property to make contributions to educational, environmental artistic, historical, scientific, health, community or religious organizations with the goal of improving knowledge, services or practices in these fields. This bill has been incorporated into SB966.
Patron - Howell

F SB940

Property tax exemption; Homestretch, Inc. Grants a property tax exemption to the Homestretch, Inc., a charitable and benevolent nonprofit organization, for real and personal property owned by the organization located at 2838 Annandale Road, No. 335; 8001 Chanute Place, No. 13; and 2904 Kings Chapel Road, No. 10 in Fairfax County. Incorporated in SB 791.
Patron - Byrne

F SB941

F SB953

Sales and use tax exemption; Madison Emergency Services Association (MESA), Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to provide temporary emergency relief to Madison County families who are experiencing crises by, including but not limited to, providing services to the homeless or those persons about to become homeless and to those persons who are victims of physical and/or mental abuse. This bill has been incorporated into SB 966.
Patron - Couric

F SB965

Sales and use tax exemption; cultural. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to the following 501 (c) (3) organizations: The Mid-Atlantic Regional Archives Conference (MARAC); The Bristol Concert Ballet Company; Friends of the Rappahannock; Virginia Academy of Science; Glass-Glen Burnie Museum, Inc.; MacCallum More Museum and Gardens; The Corporation for Jefferson's Poplar Forest; The Confederate Memorial Literary Society (The Museum and White House of the Confederacy). This bill incorporates SB 871, SB 917, SB 922, SB 930, SB 997, SB 1021, and SB 1141 and has been incorporated into SB 1409.
Patron - Potts

F SB966

Sales and use tax exemption; nonprofit civic and community service. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to the following 501 (c) (3) organizations: Manterfly Youth Development, Inc.; International Christian Centers for the Deaf, Inc.; Parents and Researchers Interested in Smith-Magenis Syndrome (PRISMS), Inc.; Children's Advocacy Center of Bristol/Washington County, Virginia, Inc.; Boat People S.O.S., Inc.; KidsPeace National Centers for Kids in Crisis of North America, Inc.; Robert and Dee Leggett Foundation; Madison Emergency Services Association (MESA), Inc.; AIDS Response Effort, Inc.; Housing Partnerships, Inc.; HomeBase of the Virginia Peninsula, Inc.; Richmond Metro Workcamp, Inc.; and The United Civic League of Cavalier Manor. This bill incorporates SB 869, SB 890, SB 903, SB 916, SB 924, SB 931, SB 932, SB 953, SB 973, SB 1074, SB 1082, and SB 1101 and has been incorporated into SB 1409.
Patron - Potts

F SB968

Property tax exemption; Kernstown Battlefield Association, Inc. Grants a property tax exemption to the Kernstown Battlefield Association, Inc., a historical nonprofit organization, for real and personal property owned by the organization and located in Frederick County and the City of Winchester. This bill has been incorporated into SB 791.
Patron - Potts

F SB973

Sales and use tax exemption; Housing Partnerships, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized for the purpose of providing services to economically or socially disadvantaged persons by, including but not limited to, repairing or replacing substandard housing located within the boundaries of Twenty-third Planning District established pursuant to § 15.2-4203. This bill has been incorporated into SB 966.
Patron - Norment

F SB980

Income tax; personal exemption amount. Increases the personal exemption from $800 to $1,200 for the taxable year January 1, 2001, through December 31, 2001. For taxable years beginning on and after January 1, 2002, the personal exemption amount is equal to the personal exemption amount of the preceding taxable year adjusted by the percentage increase in the Consumer Price Index. The personal exemption amount can never be less than such amount for the preceding taxable year.
Patron - Rerras

F SB988

F SB997

Sales and use tax exemption; MacCallum More Museum and Gardens. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) corporation operating as a museum and gardens (i) to promote the appreciation of the fine arts; (ii) to establish, own, maintain, and operate an arts center to conform to standard museum practices; (iii) to display, sell, purchase and own articles of art; (iv) to support the arts in the local school system; and (v) to encourage local artists participation in its programs. This bill has been incorporated into SB 965.
Patron - Ruff

F SB1004

Employees with disabilities tax credit; training of persons with disabilities tax credit. Extends the employees with disabilities tax credit to taxable year 2005, and creates a tax credit, also to expire in taxable year 2005, for employers who educate or train disabled employees to fill a high technology field job, such as biotechnology, bioinformatics, computer programming, engineering, and electronics. The Secretary of Technology must certify that the worker training program qualifies as worker training in a high technology field. The amount of the credit is in the actual amount an employer spent on such worker training program in that taxable year.
Patron - Ticer

F SB1009

Property tax exemption; Mary Immaculate Nursing Center, Inc. Grants a property tax exemption to the Mary Immaculate Nursing Center, Inc., a charitable and benevolent nonprofit organization, for real and personal property owned by the organization and located in the City of Newport News. This bill has been incorporated into SB 791.
Patron - Williams

F SB1021

Sales and use tax exemption; The Corporation for Jefferson's Poplar Forest. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) corporation organized to support education about Poplar Forest through, including but not limited to, guided tours of the property, field schools in architectural restoration and archaeology, other educational and public programs, and maintaining a library open to students, researchers, and the public. This bill has been incorporated into SB 965.
Patron - Newman

F SB1037

Property tax exemption; The Friends School; Things Unlimited. Grants a property tax exemption to The Friends School, a benevolent nonprofit organization, for real and personal property owned by the organization for its Things Unlimited thrift store that is located in the City of Virginia Beach. The exemption is effective July 1, 2000. Incorporated in SB 791.
Patron - Stolle

F SB1038

Collection of local taxes. Permits treasurers or other local officers performing the duties of a treasurer to place padlocks on the doors of a business if the business is (i) more than 120 days delinquent in the payment of any tax on tangible personal property, merchants' capital tax, or any business license tax or fee or (ii) more than 60 days delinquent in the reporting or remittance of any local excise tax collected by the business from another party and held in trust for the locality. Padlocks may also be placed on the doors of a business if a summons or warrant has been issued for the business' failure to (a) obtain a license to engage in its business, employment or profession or (b) report or remit any local excise tax.The treasurer must provide at least seven days' notice before padlocking any business. In lieu of paying the delinquent tax liability and avoiding padlocking, an enterprise may post bond in an amount equaling the amount of the delinquent tax liability. However, no bond is required if an appeal is properly filed under Subdivision A. 5. of § 58.1-3703.1 or § 58.1-3983.1. If a business posts such bond, padlocks may not be placed on the doors of such business during the pendency of any appeal of the delinquent tax liability.
Patron - Stolle

F SB1058

Individual income taxes. Excludes military retirement income from Virginia individual income taxes in an amount equal to two percent multiplied by the taxpayer's number of years of active duty in the armed forces of the United States with the product thereof multiplied by the $30,000 of military retirement income. The bill is effective for taxable years beginning on or after January 1, 2001.
Patron - Quayle

F SB1064

Local property taxes; motor homes. Caps the tangible personal property tax rate on motor homes at the rate of tax and rate of assessment applicable to real estate in the county, city, or town.
Patron - Quayle

F SB1065

Appeal of local real estate tax assessments. Clarifies that taxpayers aggrieved by real estate assessments in cities with a population of more than 175,000 may appeal the assessment to the appropriate circuit court (i) within three years from the last day of the tax year for which any such assessment is made, (ii) within one year from the date of the assessment, or (iii) within one year from the date of a final determination made pursuant to § 58.1-3981, whichever is later.
Patron - Quayle

F SB1070

Property tax exemption; Bedford Breakfast Lions Club. Grants a property tax exemption to the Bedford Breakfast Lions Club, a benevolent nonprofit organization, for real and personal property owned by the organization and located in the County of Bedford. This bill has been incorporated into SB 791.
Patron - Newman

F SB1073

Enterprise Zone Act; creation of zones and real property investment tax credit limit. Requires the designation of any new enterprise zones on or after July 1, 2001, other than certain areas that are to be designated based on unemployment, to be in urban areas with revitalization needs. The bill also increases the cap on the real property investment tax credit from $125,000 to $250,000.
Patron - Maxwell

F SB1074

Sales and use tax exemption; HomeBase of the Virginia Peninsula, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized for the purposes of preventing homelessness and offering long-term intervention into homelessness problems by, including but not limited to, developing new resources to prevent homelessness, providing a central information base for coordinating services and resources designed to aid the homeless, and making charitable donations to other nonprofit organizations with similar purposes. This bill has been incorporated into SB 966.
Patron - Maxwell

F SB1078

Sales and use tax exemptions. Extends the sunset date for sales and use tax exemptions benefiting many organizations.
Patron - Miller, K.G.

F SB1082

Sales and use tax exemption for Richmond Metro Workcamp, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) organization organized for the purpose of teaching and fostering the growth of religious beliefs through the organization and creation of interdenominational summer youth mission projects that provide services to economically or socially disadvantaged persons including but not limited to repairing homes of elderly or disabled persons who own their homes but do not have the resources to make repairs. This bill has been incorporated into SB 966.
Patron - Bolling

F SB1083

Sales and use tax increase; exemption of certain motor vehicles and boats from tangible personal property taxation. Provides for a one and one-half percent increase in the retail sales and use tax and exempts certain motor vehicles and boats from local tangible personal property taxation, provided that a constitutional amendment exempting such motor vehicles and boats is ratified by a majority of voters voting on such measure in November 2002. The tax exemptions and the additional one and one-half percent sales and use tax are effective January 1, 2003.The revenue from the increase in the sales and use tax shall be used to make payments to localities in lieu of the current funding processes in place to reimburse localities under the Personal Property Tax Relief Act of 1998. The new funding mechanism will begin in calendar year 2003. In general, the amount funded to (i) a county shall be the amount funded to the county in the preceding calendar year plus 15 percent of any increase in the state sales and use tax revenue over the preceding fiscal year; (ii) a city shall be the amount funded to the city in the preceding calendar year plus 11 percent of any increase in the state sales and use tax revenue over the preceding fiscal year; and (iii) a town shall be the amount funded to the town in the preceding calendar year plus five percent of any increase in the state sales and use tax revenue over the preceding fiscal year. Each locality will have a base year funding amount. The base year funding amount shall equal (i) for a county, 15 percent of its total local tax revenues collected in fiscal year 1997; (ii) for a city, 11 percent of its total local tax revenues collected in fiscal year 1997; and (iii) for a town, five percent of its total local tax revenues collected in fiscal year 1997. The base year amount is used for purposes of determining initial funding amounts to counties, cities, and towns in calendar year 2003.
Patron - Colgan

F SB1094

Property tax exemption; The Closet of the Greater Herndon Area, Inc. Grants a property tax exemption to The Closet of the Greater Herndon Area, Inc., a charitable and benevolent nonprofit organization, for real and tangible properties owned by the organization and located at 841-843-845 Station Street in the Town of Herndon and Fairfax County. This bill has been incorporated into SB 791.
Patron - Mims

F SB1099

Insurance premiums tax; payments by localities. Prohibits insurance carriers that provide insurance as defined in §§ 38.2-102 through 38.2-134 to local governments from collecting the insurance premiums tax from the local governments.
Patron - Lambert

F SB1101

Sales and use tax exemption; The United Civic League of Cavalier Manor. Provides a sales and use tax exemption, beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to, including but not limited to, (i) promote voter registration and voter participation in the political process; (ii) ensure adequate police protection; (iii) encourage equal employment opportunities; (iv) ensure that buildings, land improvements and maintenance are provided by the local government bodies; (v) ensure equal educational opportunities; (vi) ensure equal representation in the local governing boards; (vii) ensure that the communities have adequate recreational and leisure facilities; and (viii) monitor local government expenditures to ensure their appropriateness and fairness. This bill has been incorporated into SB 966.
Patron - Lucas

F SB1106

Sales and use tax; use of property by service providers. States that a service provider is the user and consumer of all tangible personal property purchased for use in providing exempt services, but not of certain property for resale, or for incorporation into property sold, to the United States pursuant to (i) a contract that expressly references and is governed by the provisions of the Walsh-Healey Public Contracts Act, 41 U.S.C. § 35 et seq. or (ii) a task order or purchase order for the purchase of tangible personal property.
Patron - Colgan

F SB1118

Property tax exemption; DePaul Family Services, Inc. Grants a real property tax exemption to DePaul Family Services, Inc., a nonprofit corporation, for real property it owns in Roanoke County and uses for charitable, educational and benevolent purposes. This bill has been incorporated into SB 791.
Patron - Edwards

F SB1141

Sales and use tax exemption; The Confederate Memorial Literary Society (The Museum and White House of the Confederacy). Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to a 501 (c) (3) corporation organized to preserve the White House of the Confederacy and other historical objects by, including but not limited to, restoring and maintaining the White House of the Confederacy, collecting and restoring historical objects, and sharing them with the citizens through exhibitions, publications, educational programs, and other events. This bill has been incorporated into SB 965.
Patron - Lambert

F SB1143

Sales and use tax exemption; Virginia Primary Care Association, Inc. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2002, to a 501 (c) (3) corporation organized to improve access to primary health care for all Virginians by, including but not limited to, providing technical assistance to communities in developing not-for-profit primary care medical practices. This bill has been incorporated into SB 1409.
Patron - Lambert

F SB1146

Sales and use tax exemption; The American Society of Military Comptrollers. Provides a sales and use tax exemption beginning July 1, 2001, and ending in July 1, 2006, to a 501 (c) (3) organization that promotes military comptrollership by, including but not limited to, promoting the education and training of military comptrollership, sponsoring research in military comptrollership and publishing the results of such research.
Patron - Puller

F SB1165

Individual income tax; distribution of a portion of individual income tax revenues to localities; Localities' Share of Individual Income Tax Revenue Fund. Establishes the Localities' Share of Individual Income Tax Revenue Fund into which two percent of individual income tax revenues shall be deposited in 2003 for distribution to localities. The percentage increases two percent each year until it reaches a maximum of 10 percent in 2007. The amount in the fund is to be distributed annually to counties and cities as follows: (i) 50 percent distributed based on the relative share of the total state income tax paid by taxpayers filing returns in each locality; (ii) 40 percent distributed based on where wages are earned; and (iii) 10 percent divided equally among all 135 counties and cities. The amount distributed to counties is then to be shared with towns located within the counties based on the towns' relative share of total population within the county. Fifty percent of the amount distributed to any county with towns would be divided among the county and its towns based on population. If a county has no towns within its boundaries, the county keeps the entire distribution of individual income tax revenue. Distributions are to be made by the State Treasurer to localities no later than September 1, with the first one beginning in 2003. Any corrections in the amount of distributions will be made in the fiscal year immediately following the year in which the incorrect distribution was made.
Patron - Hanger

F SB1183

Sales and use tax exemption; Goodwin House Foundation. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2006, to 501 (c) (3) foundation organized to receive and administer gifts, grants, contributions, and donations for the benefit of, for performing the functions of, and for carrying out the purposes of continuing care retirement communities, including but not limited to, providing financial assistance to the elderly who reside in or intend to reside in such continuing care retirement communities. This bill has been incorporated into SB 1409.
Patron - Ticer

F SB1184

Sales and use tax exemption; The National Mentoring Partnership. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) corporation organized to be a resource for mentors and mentoring initiatives nationwide, with particular attention to at-risk youth, by, including but not limited to, receiving, administering, and expending funds for such purposes.
Patron - Ticer

F SB1186

Property tax exemption; International Christian Centers for the Deaf, Inc. Grants a property tax exemption to the International Christian Centers for the Deaf, Inc., a religious and charitable nonprofit organization, for real and personal property owned by the organization and located in the County of Botetourt.
Patron - Trumbo

F SB1205

F SB1215

F SB1218

Individual income tax; distribution of a portion of individual income tax revenues to localities; Localities' Share of Individual Income Tax Revenue Fund. Establishes the Localities' Share of Individual Income Tax Revenue Fund into which two percent of individual income tax revenues shall be deposited in 2003 for distribution to localities. The percentage increases two percent each year until it reaches a maximum of 10 percent in 2007. The amount in the fund is to be distributed annually to counties and cities as follows: (i) 50 percent distributed based on the relative share of the total state income tax paid by taxpayers filing returns in each locality; (ii) 40 percent distributed based on where wages are earned; and (iii) 10 percent divided equally among all 135 counties and cities. The amount distributed to counties is then to be shared with towns located within the counties based on the towns' relative share of total population within the county. Fifty percent of the amount distributed to any county with towns would be divided among the county and its towns based on population. If a county has no towns within its boundaries, the county keeps the entire distribution of individual income tax revenue. Distributions are to be made by the State Treasurer to localities no later than September 1, with the first one beginning in 2003. Any corrections in the amount of distributions will be made in the fiscal year immediately following the year in which the incorrect distribution was made.
Patron - Whipple

F SB1255

Sales and use tax exemption; school-related items. Provides a sales and use tax exemption for certain school-related items purchased during a specific one-week period during the end of August each year. The exempt items are (i) school supplies, footwear, and clothing where the selling price of each item is $100 or less; (ii) computer systems where the selling price for each system is $1,500 or less; and (iii) computers, computer hardware, computer software, and portable calculators where the selling price for each item is $500 or less. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchaser of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner.
Patron - Norment

F SB1260

Virginia Technology and Biotechnology Investment Act created. Creates a research and development tax credit, not to exceed 50 percent of the tax liability due, not to exceed $500,000, for "technology" and "biotechnology" companies in Virginia and permits the credit to be carried over for up to 10 years, for taxable years beginning on and after January 1, 2001. The bill also creates a tax credit for individual taxpayers, estates, trusts, partnerships, and corporations that invest in technology or biotechnology companies. This tax credit, not to exceed 15 percent of the qualified investment and not to exceed $500,000, can be claimed for each of the five tax years beginning on and after January 1, 2001. In no event will more than $5 million in either of the credits be allowed annually. In addition, any unused tax credits can be carried over, in most circumstances, for up to 10 years. The bill permits technology or biotechnology companies to carry over net operating losses for up to 10 years. The bill creates a "corporation tax benefit certificate program" to be administered by the Innovative Technology Authority in cooperation with the Tax Department. Under the program, technology or biotechnology companies may transfer their unused but otherwise allowable research and development tax credits or net operating loss carry-overs for a minimum of 75 cents on the dollar to another corporation taxpayer provided neither is an affiliate or a subsidiary of the other. The proceeds from the transfer can be used for a broad range of "costs" associated with operating a technology or biotechnology company.
Patron - Quayle

F SB1261

F SB1264

Sales and use tax on food purchased for human consumption. Effective July 1, 2001, exempts food purchased for human consumption, as defined in the Food Stamp Act of 1977, 7 U.S.C. § 2012, as amended, from state and local sales and use taxes. The bill provides for a general fund reimbursement for the current (i) one-half percent of the state sales and use tax paid into the Transportation Trust Fund; (ii) one percent local sales and use tax; and (iii) one percent state sales and use tax distributed to localities by school population.
Patron - Edwards

F SB1271

Property tax exemption; UJFT Community Campus, L.L.C. Grants a property tax exemption to UJFT Community Campus, L.L.C., a religious organization, for real and personal property owned by the organization located in the City of Virginia Beach.
Patron - Wagner

F SB1289

Sales and use tax exemption; Mekor Chayim-Source of Life. Provides a sales and use tax exemption beginning July 1, 2001, and ending July 1, 2005, to a 501 (c) (3) organization organized for the purpose of fostering the understanding of and sharing knowledge with all religions and religious groups, which is accomplished through building alliances with organizations that have a similar mission, forging relationships with individuals who wish to share the Jewish heritage, and building associations with other organizations such as area synagogues, churches, ministries, religious and nonprofit organizations.
Patron - Saslaw

F SB1292

Sales tax exemption; Internet service providers. Provides a sales and use tax exemption for the purchase and use of certain audiovisual works by an Internet service business and for equipment used in the production, storage, hosting, processing and distribution of audiovisual works by an Internet service business.
Patron - Mims

F SB1310

Sales and use tax; limited exemption for certain clothing and footwear. Exempts clothing and footwear from the state sales and use tax for a nine-day period each August, provided the article costs $100 or less. The sales tax holiday will begin in calendar year 2002. Sales of clothing and footwear at theme parks shall not be exempt. The Department of Taxation shall develop guidelines describing the clothing and footwear that qualify and make such list available electronically and in hard copy.
Patron - Newman

F SB1346

F SB1368

Sales and use tax; additional tax in Eighth Planning District to fund transportation projects. Increases the state sales and use tax by one percent in all cities and counties within the Eighth Planning District. One-half of the revenues from such increase shall be distributed to a regional transportation authority created to address and act upon the transportation needs of such counties and cities. The remainder of the revenues shall be distributed to such counties and cities based on point-of-sale and may only be used for education-related purposes. The additional sales and use tax would be effective January 1, 2003, but is contingent upon (i) approval of the additional tax by a majority of persons voting in a joint referendum of all the cities and counties in the Eighth Planning District on November 6, 2002, and (ii) the passage of legislation by General Assembly creating a regional transportation authority for Northern Virginia.
Patron - Saslaw

F SB1374

Personal Property Tax Relief Act of 1998. Repeals the Personal Property Tax Relief Act of 1998, Chapter 35.1 (§ 58.1-3523 et seq.) of Title 58.1, and other provisions of the Code of Virginia related to the Personal Property Tax Relief Act of 1998 effective January 1, 2002.
Patron - Marye

F SB1392

Individual income tax; personal exemption. Increases the personal deduction for Virginia individual income tax from $800 to $1,600 for taxable years beginning on or after January 1, 2002.
Patron - Newman

F SB1403

Local consumer utility tax. Authorizes a county to impose a tax on the consumption of water, heat, light, and power by the residents of a town within such county in accordance with an ordinance adopted by the governing body of the county. Current law prohibits a county consumer utility tax upon town residents if the town provides police or fire protection, and water or sewer services, or if the town constitutes a special school district and is operated as a special school district. This bill would permit a county consumer utility tax on town residents in all cases, as long as an enabling ordinance is adopted by the county's board of supervisors.
Patron - Ruff

F SB1407

Administration of taxes; reciprocal agreement with the State of Maryland. Instructs the Governor to make every effort to enter into a reciprocal agreement for the collection of taxes on behalf of the Commonwealth with the appropriate authorities from the State of Maryland, no later than July 1, 2003. The Governor will report on his progress to the chairmen of the House and Senate Committees on Finance by the first day of the 2002 and 2003 Sessions.
Patron - Chichester

F SB1412

F SB1422

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