General Assembly>Division of Legislative Services>Publications>Session Summaries>2007>Taxation


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Taxation

Passed

P HB 1628

Severance tax; extends sunset date. Extends the sunset date from December 31, 2007, to December 31, 2012, for the local coal and gas road improvement tax.
Patron - Johnson

P HB 1640

Sales and use tax; exemption for alternative fuel-burning stoves. Provides an exemption from the retail sales and use tax beginning July 1, 2007, and ending July 1, 2012, for multifuel heating stoves used by the individual purchaser for heating his residence. Such stoves are capable of burning a variety of alternative fuels, including, but not limited to, shelled corn, wood pellets, cherry pits, and olive pits.
Patron - Wright

P HB 1674

Sales and use tax exemption; free distribution of educational materials. Extends the sunset date from July 1, 2008, to July 1, 2012, on the exemption for textbooks and other educational materials that are distributed by publishers from distribution centers for free to professors and others having an educational focus. This bill is identical to SB 999.
Patron - Scott, E.T.

P HB 1678

Sales tax exemption; energy-efficient products. Provides a sales tax exemption for purchases of certain energy-efficient products with a sales price of $2,500 or less made during the first Friday, Saturday, and Sunday in October of each year. 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 purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner. The provisions of this bill will expire on July 1, 2012.
Patron - Cosgrove

P HB 1695

Business, professional, occupational license tax; motor fuels tax exemption. Clarifies that the motor fuels tax is exempt from gross receipts for purposes of the BPOL tax.
Patron - Purkey

P HB 1696

Taxation; conformity with Internal Revenue Code. Conforms the Commonwealth's system of taxation with the Internal Revenue Code, when applicable, as of December 31, 2006. This bill contains an emergency clause. and is identical to SB 1105.
Patron - Purkey

P HB 1714

Transient occupancy tax; Northampton County. Permits Northampton County to impose an additional 3% transient occupancy tax (for a total of 5%) provided that the portion of the tax over 2% be dedicated for tourism purposes. This bill is identical to SB 904.
Patron - Lewis

P HB 1744

Real property tax exemptions; elderly and disabled. Increases the income limit for elderly and disabled taxpayers in certain Northern Virginia localities from $72,000 to $75,000 for real property tax exemptions.
Patron - Marshall, R.G.

P HB 1880

Personal Property Tax Relief Act definitions. Adds to the definition of "qualifying vehicle" those vehicles that are held in a private trust for nonbusiness purposes by an individual beneficiary.
Patron - Caputo

P HB 2013

Tangible personal property; classifications. Establishes a separate class of tangible personal property for aircraft that are (i) Warbirds, manufactured or intended for military use, excluding those manufactured after 1954, and (ii) used only for (a) exhibit or display to the general public or (b) air show and flight demonstrations. Aircraft used for commercial or private general transportation would not be included in this new class of property. This bill is identical to SB 1171.
Patron - Suit

P HB 2022

Reporting to the Department of Taxation; nonprofit hospitals. Requires nonprofit hospitals to provide to the Department of Taxation a copy of any federal 990 or 990-EZ tax form filed with the Internal Revenue Service. The bill would require nonprofit hospitals to also provide to the Department a copy of any interim tax forms, reports, or returns filed with or provided to the Internal Revenue Service. The bill would require all such returns and information to be provided within 30 days of the same being filed with or provided to the Internal Revenue Service.
Patron - Purkey

P HB 2059

Recordation tax. Clarifies that the tax rate is applied to the greater of the consideration paid or the value of the interest conveyed. This bill is identical to SB 822.
Patron - McQuigg

P HB 2135

Collection of taxes by the Department of Taxation. Prohibits the Department of Taxation from engaging debt collectors outside the Department to collect taxes that are less than 90 days delinquent, and requires the Department to provide on the initial assessment notice to the taxpayer of the taxpayer's rights to apply to the Tax Commissioner for a correction in the assessment and the right to have the Tax Commissioner refrain from actions to collect the tax after receipt from the taxpayer of notice of intent to file for such correction. This bill contains an emergency clause.
Patron - Hugo

P HB 2148

Sales and use tax; commercial and industrial exemptions; railroad rolling stock. Provides an exemption from the sales and use tax for railroad rolling stock when sold or leased by the manufacturer.
Patron - Fralin

P HB 2181

Machinery and tools tax; idle machinery and tools; emergency clause. Provides a uniform statewide statutory classification and taxation for idle machinery and tools on a prospective basis by allowing such machinery and tools to be taxed as capital as long as they have not been used for at least one year prior to tax day or they have been identified in writing by the taxpayer to the commissioner of the revenue as machinery and tools that the taxpayer intends to withdraw from service prior to the next tax day. This bill contains an emergency clause and is identical to SB 1151.
Patron - Saxman

P HB 2220

Income tax; deduction for unreimbursed organ donation expenses. Provides an income tax deduction for unreimbursed expenses that are paid by an organ and tissue donor and that have not been taken as a medical deduction on the taxpayer's federal income tax return, effective for taxable years beginning on or after January 1, 2007. The amount of the deduction is the lesser of $5,000 or the actual amount paid by the taxpayer.
Patron - Amundson

P HB 2284

Withholding tax; filing returns. Allows employers to submit their withholding tax returns on the 25th day of the following month rather than the 20th day, effective January 1, 2008.
Patron - Watts

P HB 2385

Tangible personal property; separate classification for wireless broadband service providers. Creates a separate classification for local taxation purposes for tangible personal property owned and used by certain providers of wireless broadband Internet service in providing such service.
Patron - May

P HB 2390

Duties of treasurers. Requires treasurers to make out a list of uncollected balances of previously billed tangible personal property taxes on vehicles that (i) were owned by taxpayers, now deceased, upon whose estates no qualification has been made, or (ii) were transferred to bona fide purchasers for value without knowledge, on the part of the persons so transferring, of the unpaid taxes.
Patron - Ingram

P HB 2498

Residential tax credit; increased accessibility and visitability for the disabled. Requires the Department of Housing and Community Development to develop guidelines establishing the eligibility requirements for the tax credit in § 58.1-339.7. Changes the name of the disabled tax credit to the "Livable Home Tax Credit" and extends it to any taxpayer who purchases a new residence. This bill is a recommendation of the Virginia Disability Commission. This bill is identical to SB 791.
Patron - Orrock

P HB 2525

Voluntary contributions of refunds; Spay and Neuter Fund. Distributes a contribution made to the Spay and Neuter Fund through the voluntary contribution of tax refunds to the locality in which the filer resides. The locality must use the contribution for the provision of low-cost spay and neuter surgeries or it may make the funds available to any private, nonprofit sterilization program for dogs and cats in the locality. All contributions to the Spay and Neuter Fund are currently distributed to the Virginia Federation of Humane Societies.
Patron - Iaquinto

P HB 2545

Sales and use tax exemption; nonprofit entities. Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts of at least $1 million to provide the Department of Taxation with a financial audit performed by an independent certified public accountant and those with annual gross receipts between $750,000 and $1 million to provide the Department with a financial audit or a financial review by an independent certified public accountant. This bill is identical to HB 3062 and SB 743.
Patron - Hogan

P HB 2602

Voluntary contributions of tax refunds; new organizations. Adds public library foundations and Celebrating Special Children, Inc. to the list of organizations that may receive contributions for taxpayer refunds. The organizations will be added to the bottom of the list of other organizations waiting to appear on the income tax return.
Patron - Plum

P HB 2618

Classification of real property; energy-efficient buildings. Permits localities to tax certain energy-efficient buildings, not including the land on which they are located, at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes. An energy-efficient building is any building that exceeds the energy efficiency standards prescribed in the Virginia Uniform Statewide Building Code by 30%. Energy-efficient building certification shall be determined by any qualified licensed engineer or contractor who is not related to the taxpayer and who shall certify to the taxpayer that he has qualifications to provide the certification. This bill is identical to SB 1051.
Patron - Fralin

P HB 2723

Communications sales and use tax exemption for military base customers; emergency. Provides an exemption from the communications sales and use tax for customers on any federal military bases or installations when a franchise fee is payable to the federal government. The bill is effective retroactive to January 1, 2007, and there is an emergency clause.
Patron - Nixon

P HB 2724

Sales and use tax exemption; churches. Expands the sales and use tax exemption for property purchased by churches to (i) property used in caring for or maintaining property owned by the church including, but not limited to, mowing equipment, and (ii) building materials installed by the church and for which the church does not contract with a person or entity to have installed.
Patron - Nixon

P HB 2920

Abusive income tax avoidance transactions; statute of limitations. Extends from three years to six years the period in which the Department of Taxation may assess income tax for any tax return filed based in whole or in part on an abusive tax avoidance transaction. An "abusive tax avoidance transaction" means a transaction that has been identified by the Tax Commissioner as such a transaction and that has been published by the Tax Commissioner.
Patron - Shannon

P HB 2975

Personal Property Tax Relief Act of 1998. Requires the commissioner of the revenue to rely upon the information at the Department of Motor Vehicles in determining whether a vehicle qualifies for tax relief, unless he has information that the Department's registration information is incorrect or incomplete.
Patron - Bell

P HB 3022

Individual income tax; filing threshold amounts. Increases the filing thresholds for the state income tax for individuals to $11,250 in 2008, $11,650 in 2010, $11,950 in 2012; and for married persons to $22,500 in 2008, $23,300 in 2010, and $23,900 in 2012. The bill also increases the personal exemption amount to $930 in 2008. This bill is identical to SB 778.
Patron - Cline

P HB 3044

Income tax credit for machinery and equipment for processing recyclable materials; extend sunset. Extends the sunset for the income tax credit for purchase of machinery and equipment for processing recyclable materials from January 1, 2007, to January 1, 2015. The bill also makes the credit available to individual income tax filers. Credits earned by a pass-through entity are to be allocated in proportion to each individual's ownership in the pass-through entity. This bill is identical to SB 870.
Patron - Bowling

P HB 3062

Sales and use tax; tax exemption for nonprofit entities. Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts of at least $750,000 but less than $1 million to provide the Department of Taxation with a financial audit or review performed by an independent certified public accountant. Entities with gross annual receipts of $1 million or greater must file an audit. This bill is identical to HB 2545 and SB 743.
Patron - Scott, E.T.

P HB 3093

Real property tax; change in assessment notice. Provides that a notice of the change in the assessment of real estate does not have to include certain information for changes due to construction of or additions to improvements on real estate.
Patron - Johnson

P SB 734

Severance tax; extends sunset date. Extends the sunset date from December 31, 2007, to December 31, 2012, for the local coal and gas road improvement tax.
Patron - Wampler

P SB 743

Sales and use tax; tax exemption for nonprofit entities. Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts of at least $750,000 but less than $1 million to provide the Department of Taxation with a financial audit or review performed by an independent certified public accountant. Entities with gross annual receipts of $1 million or greater must file an audit. This bill is identical to HB 3062 and HB 2545.
Patron - Cuccinelli

P SB 772

Business, professional, occupational license tax; motor fuels tax exemption. Clarifies that the motor fuels tax is exempt from gross receipts for purposes of the BPOL tax. The bill would be retroactively effective January 1, 2001.
Patron - Watkins

P SB 778

Individual income tax; filing threshold amounts. Increases the filing thresholds for the state income tax for individuals to $11,250 in 2008, $11,650 in 2010, $11,950 in 2012; and for married persons to $22,500 in 2008, $23,300 in 2010, and $23,900 in 2012. The bill also increases the personal exemption amount to $930 in 2008. This bill is identical to HB 3022.
Patron - Stosch

P SB 785

Income tax deduction; Virginia College Savings Plan. Increases from $2,000 to $4,000 the annual income tax deduction allowed for purchases and contributions for prepaid tuition contracts or savings trust accounts entered into with the Virginia College Savings Plan. The increase would become effective for taxable years beginning on or after January 1, 2009.
Patron - Bell

P SB 788

Real estate tax relief; elderly and permanently and totally disabled. Increases from $52,000 to $62,000 the income limit in certain cities and counties for eligibility for elderly and permanently and totally disabled real estate tax relief programs.
Patron - Stosch

P SB 791

Residential tax credit; increased accessibility and visitability for the disabled. Requires the Department of Housing and Community Development to develop guidelines establishing the eligibility requirements for the tax credit in § 58.1-339.7. Changes the name of the disabled tax credit to the "Livable Home Tax Credit" and extends it to any taxpayer who purchases a new residence. The bill would cap the tax credit at $500 for the purchase of a new residence or for the retrofitting of an existing residence. This bill is a recommendation of the Virginia Disability Commission. This bill is identical to HB 2498.
Patron - Puller

P SB 811

Transient occupancy tax; Amherst County. Authorizes Amherst County to impose the local transient occupancy tax at a rate of five percent with the revenues in excess of two percent designated for tourism and marketing of tourism initiatives.
Patron - Ruff

P SB 822

Recordation tax. Clarifies that the tax rate is applied to the greater of the consideration paid or the value of the interest conveyed. This bill is identical to HB 2059.
Patron - Devolites Davis

P SB 848

Notice of change in assessment. Provides that if a change in assessment arises solely from the construction or addition of new improvements, then notice of such change in assessment need not set out the new tax rate or the percentage change in the new tax levy from the immediately prior one. It also provides that such notice may omit reference to districts for those localities that have elected by ordinance to prepare land and personal property books in alphabetical order.
Patron - Lambert

P SB 862

Withholding taxes; information furnished. Provides that no person filing a withholding tax return for an organization, through use of an electronic medium, would be required to provide his social security number for such purposes. However, such person would be required to provide his name, social security number, wages, and taxes withheld in any file or batch report that includes the same information for all employees of the organization.
Patron - Reynolds

P SB 867

Sales tax exemption; energy-efficient products. Provides a sales tax exemption for purchases of certain Energy Star qualified products with a sales price of $2,500 or less made during a four-day period each year in mid-October. 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 purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner. The sales tax holiday would expire in July of 2012.
Patron - Watkins

P SB 870

Income tax credit for machinery and equipment for processing recyclable materials; extend sunset. Extends the sunset for the income tax credit for purchase of machinery and equipment for processing recyclable materials from January 1, 2007, to January 1, 2015. The bill also makes the credit available to individual income tax filers. Credits earned by a pass-through entity are to be allocated in proportion to each individual's ownership in the pass-through entity. This bill is identical to HB 3044.
Patron - Watkins

P SB 904

Transient occupancy tax; Northampton County. Authorizes Northampton County to impose a transient occupancy tax at a rate up to five percent, with any revenues collected in excess of two percent to be used for tourism and marketing of tourism initiatives. This bill is identical to HB 1714.
Patron - Rerras

P SB 954

Income tax; checkoff for Department for the Aging. Establishes an income tax check off for income tax refund contributions to the Department for the Aging to be used for Medicare Part D counseling. This would be in addition to the current check off for income tax refund contributions to the Department for the Aging for providing transportation services to the elderly.
Patron - Quayle

P SB 999

Sales and use tax exemption; textbooks withdrawn from inventory. Extends from July 1, 2008, to July 1, 2012, the sunset date of the current sales and use tax exemption for textbooks and educational materials distributed by publishers to professors at no cost. This bill is identical to HB 1674.
Patron - Houck

P SB 1051

Classification of real property; energy-efficient buildings. Permits localities to tax certain energy-efficient buildings, not including the land on which they are located, at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes. An energy-efficient building is any building that exceeds the energy efficiency standards prescribed in the Virginia Uniform Statewide Building Code by 30% Energy-efficient building certification shall be determined by any qualified licensed engineer or contractor who is not related to the taxpayer and who shall certify to the taxpayer that he has qualifications to provide the certification. This bill is identical to HB 2618.
Patron - Edwards

P SB 1054

Low-income housing credit; consolidation of Code sections. Consolidates provisions of the low-income housing tax credit currently appearing in Titles 36 (Housing) and 58.1 (Taxation). The bill would consolidate the tax credit provisions into § 58.1-435 and provide a cross-reference to the tax credit in § 36-55.63.
Patron - Edwards

P SB 1063

Real estate tax; limitation on tax rate. Increases from seven to 30 days the minimum notice that a locality must give the public of a public hearing in which the locality proposes to increase its total real estate tax levies more than 101% of the prior year's tax levies, and requires that such notice be posted in the building where the governing body of the locality ordinarily meets, as well as in a newspaper.
Patron - Rerras

P SB 1105

Taxation; conformity with Internal Revenue Code. Conforms the Commonwealth's system of taxation with the Internal Revenue Code, when applicable, as of December 31, 2006. This bill contains an emergency clause and is identical to HB 1696.
Patron - Chichester

P SB 1151

Machinery and tools tax; idle machinery and tools; emergency clause. Provides a uniform statewide statutory classification and taxation for idle machinery and tools on a prospective basis by allowing such machinery and tools to be taxed as capital as long as they have not been used for at least one year prior to tax day or they have been identified in writing by the taxpayer to the commissioner of the revenue as machinery and tools that the taxpayer intends to withdraw from service prior to the next tax day. This bill contains an emergency clause and is identical to HB 2181.
Patron - Wagner

P SB 1167

Sales and use tax exemption; hurricane preparedness equipment. Provides a sales and use tax exemption, beginning in 2008, for certain hurricane preparedness equipment purchased during a seven-day period each year beginning on May 25. The sales and use tax holiday will sunset on July 1, 2012.
Patron - Stolle

P SB 1171

Tangible personal property; classifications. Establishes a separate class of tangible personal property for aircraft that are (i) considered Warbirds, manufactured and intended for military use, excluding those manufactured after 1954, and (ii) used only for (a) exhibit or display to the general public and otherwise used for educational purposes (including such flights as are necessary for testing, maintaining, or preparing such aircraft for safe operation), or (b) airshow and flight demonstrations (including such flights necessary for testing, maintaining, or preparing such aircraft for safe operation). This bill is identical to HB 2013.
Patron - Stolle

P SB 1172

Aircraft sales and use tax; deferral/exemption. Provides an exemption from the aircraft sales and use tax for aircraft that are (i) considered Warbirds, manufactured and intended for military use, excluding those manufactured after 1954, and (ii) used only for (a) exhibit or display to the general public and otherwise used for educational purposes (including such flights as are necessary for testing, maintaining, or preparing such aircraft for safe operation), or (b) airshow and flight demonstrations (including such flights necessary for testing, maintaining, or preparing such aircraft for safe operation).
Patron - Stolle

P SB 1238

Withholding tax; pass-through entities. Requires pass-through entities to withhold and remit to the Tax Commissioner an amount equal to five percent of the allocable Virginia taxable income of all nonresident owners of the pass-through entity. A nonresident owner may take as a credit against Virginia income tax due his or its allocable Virginia income tax withheld and remitted to the Tax Commissioner by the pass-through entity.
Patron - Obenshain

P SB 1265

Real estate tax relief for the elderly and permanently and totally disabled. Authorizes local governments to extend real estate tax relief to dwellings jointly held between individuals not all of whom are at least age 65 or permanently and totally disabled. The tax relief would be prorated based upon the percentage of ownership interest in the dwelling held by all joint owners who are at least age 65 or permanently and totally disabled. As a condition of the property qualifying for real estate tax relief, the bill establishes additional net worth thresholds that cannot be exceeded. The additional net worth thresholds would not allow any exclusion for the dwelling in question.
Patron - Herring

P SB 1283

Individual income taxes. Provides that income and loss of an electing small business corporation (S corporation) subject to Virginia's bank franchise tax shall be excluded by the shareholders of such S corporation in computing individual income taxes. However, such shareholders would be subject to the individual income tax on any distributions received from such S corporation.
Patron - Stosch

Failed

F HB 1615

The Keep Our Promise Act of 2007. Reinstates the Personal Property Tax Relief Act of 1998 at 100% reimbursement for qualifying vehicles effective January 1, 2008.
Patron - Frederick

F HB 1616

Income tax; tax credit for health insurance premiums paid by small business employers. Provides a tax credit for taxable years beginning on or after January 1, 2007, to employers who pay at least one-half of the annual health insurance premium per employee. The amount of the credit is the lesser of $500 or the amount paid per employee. The total amount of credits available to each employer annually is limited to $25,000. The credits are available to employers with 50 or fewer full-time employees.
Patron - Frederick

F HB 1620

Sales and use tax; exemption for certain contractors. Exempts from paying the sales and use tax any person who contracts on or after July 1, 2006, to perform services for and provide tangible personal property for consumption or use by the Commonwealth, any political subdivision of the Commonwealth, or the United States, if the Commonwealth, political subdivision, or the United States certifies that title to such tangible personal property will pass to such governmental entity.
Patron - Frederick

F HB 1638

Sales and use tax revenue dedicated to the Transportation Trust Fund. Increases the amount of sales and use tax revenue dedicated to the Transportation Trust Fund from an amount generated by a one-half percent sales and use tax (under current law), (i) to an amount generated by a three-quarters percent sales and use tax beginning July 1, 2007, and ending June 30, 2008, and (ii) to an amount generated by a 1% sales and use tax beginning July 1, 2008.
Patron - Cole

F HB 1641

Sales and use tax exemption; commercial greenhouses. Provides a sales and use tax exemption beginning July 1, 2007, and ending July 1, 2012, for propane gas purchased for use solely in commercial greenhouses.
Patron - Wright

F HB 1648

Motor fuels sales tax. Makes the imposition of the 2% sales tax on motor vehicle fuels optional for the localities in certain Northern Virginia transportation districts. Under current law, the tax is imposed automatically in those districts.
Patron - Cole

F HB 1659

Sales and use tax; limited exemption on computers. Adds computers and related peripheral equipment to the list of items that are exempt from the sales and use tax during a three-day period the first weekend in August, beginning in 2007. The exemption shall only apply to a selling price of $1,500 or less for such computers and equipment. This bill was incorporated into HB 2167.
Patron - McClellan

F HB 1672

Real property taxation. Establishes as separate classes of real property for purposes of real property taxation rates the following: (i) residential property and (ii) real estate devoted to agricultural use, horticultural use, forest use, or open-space use. The governing body of any county, city, or town may establish rates of taxation on each of these classes of property different from each other and different from the tax rate levied on all other real property.
Patron - Marshall, R.G.

F HB 1703

Sales and use tax revenue dedicated to the Transportation Trust Fund. Increases the amount of sales and use tax revenue dedicated to the Transportation Trust Fund from an amount generated by a 0.50% sales and use tax, to an amount generated by a 0.75% sales and use tax.
Patron - Lingamfelter

F HB 1706

Real estate tax; limitation on tax rate. Provides that localities must set real estate tax rates so that the total real estate tax revenue will not increase by more than 3% over the previous year's total real property tax levies with one exception. The exception would allow a locality to set its property tax rate at a rate not to exceed the rate of population growth plus the rate of inflation in the locality for the immediately preceding year, but in no event shall the rate be set at any amount that would produce more than 6% growth.
Patron - Lingamfelter

F HB 1709

Income tax sharing with localities in lieu of car tax relief reimbursements; for transportation and education. Appropriates an amount equal to 0.75% of the taxable individual income to every county and city whose personal property tax rate on motor vehicles is no greater than $0.01 per $100 of assessed value, based on each county's and city's share of total Virginia taxable income. Localities shall appropriate one-half of any such funds for secondary road maintenance and the remaining one-half for education.
Patron - Lingamfelter

F HB 1717

Recordation tax; distribution for transportation. Provides for the distribution of excess recordation tax revenues to the Commonwealth Transportation Board for use throughout the Commonwealth for projects that will (i) reduce poor air quality, (ii) reduce traffic congestion, and (iii) aid the safety of motorists or pedestrians.
Patron - Marshall, R.G.

F HB 1721

Income tax; home accessibility features for the disabled tax credit. Broadens the current tax credit that is granted for adding to existing residences home accessibility features for the disabled to also include such features in new residential construction, for taxable years beginning on or after January 1, 2007. This bill was incorporated into HB 2498.
Patron - Eisenberg

F HB 1730

Classification of taxable real property. Permits localities to tax residential property at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes. If a locality imposes a lower tax rate on residential property, then thereafter the locality shall not increase the rate of taxation on the general class of real property.
Patron - Alexander

F HB 1761

Income tax; worker retraining tax credit. Increases from 30% to 65% the percentage of the expenditures spent for worker retraining that an employer may take as an income tax credit. It also raises the maximum amount of credit per qualified employee from $100 to $1000.
Patron - Purkey

F HB 1763

Tangible personal property tax; waste haulers. Creates a separate classification for personal property tax purposes for motor vehicles designed and primarily used for hauling waste. The revenues collected from such motor vehicles are to be used for transportation purposes by the locality collecting the tax.
Patron - Purkey

F HB 1764

Tobacco products tax; definitions. Adds a definition for "moist snuff" to the tobacco products definitions and taxes it at a rate of $0.25 per ounce based on net weight.
Patron - Purkey

F HB 1780

Real estate tax rates. Requires each locality to lower its real estate tax rate for the forthcoming tax year, to produce no more than 101% of the previous year's real property tax levies when any annual assessment, biennial assessment or general reassessment of real property by the locality would result in an increase of one percent or more in the total real property tax levied. The locality may increase the rate above the reduced rate after a public hearing held no sooner than 30 days after the rate reduction.
Patron - Cosgrove

F HB 1803

Income tax; toll payment tax credit. Provides a tax credit against income tax for taxpayers making electronic toll collection payments, such as Smart Tag, in an amount equal to 10% of the total amount paid annually for tolls on Virginia highways, for taxable years beginning on and after January 1, 2007.
Patron - Poisson

F HB 1814

Aircraft sales and use tax. Provides an exemption from the aircraft sales and use tax for any aircraft that, at the time of the otherwise taxable sale or use is at least 50 years old, and is used only for (i) exhibit or display to the general public or (ii) air show and flight demonstrations.
Patron - Suit

F HB 1821

Individual income tax; age deduction. Provides an age deduction of $6,000 for individuals age 62 through 64 and $12,000 for individuals age 65 and older, for taxable years beginning on and after January 1, 2008.
Patron - Suit

F HB 1826

Income tax; bicyclists' tax credits for businesses and individuals. Creates two separate tax credits; one for employers and one for individuals. The tax credit for employers allows them to take a credit of up to $5,000 for providing bicycle racks and showers in their place of business for use by employees who ride bikes to work. The tax credit for individuals provides a credit of $15 per month for each month the individual rides his bike to and from work for at least 10 days of the month.
Patron - Spruill

F HB 1843

Income tax; Public/Private Education Investment tax credit. Creates income tax credits for business entities and individual taxpayers who make contributions to eligible public school foundations and eligible scholarship foundations. For individual taxpayers, the amount of the annual credit is 100% of the contribution but may not exceed $800 for individual taxpayers and $1,200 for married taxpayers filing jointly. The amount of the annual credit for business entities is 90% of the contribution with no limit on the dollar amount. The public school foundations are required to disburse annually 90% of the contributions for capital improvement projects approved by the local school board and for extracurricular activities. The scholarship foundations are required to disburse 90% of its contributions for qualified educational expenses through scholarships. There is a $20 million cap on total tax credits awarded annually, with $10 million allocated for contributions made to public school foundations and $10 million allocated for contributions made to scholarship foundations. The credit would be effective for taxable years beginning on and after January 1, 2007.
Patron - Saxman

F HB 1854

Communications sales and use tax; distribution to localities. Changes the year from 2006 to 2007 with regard to the fiscal year that is used as the base year for determining each locality's share of communications sales tax revenues.
Patron - Wittman

F HB 1878

Income tax; energy-efficient equipment deduction. Provides an income tax deduction for taxable years beginning on or after January 1, 2007, to individuals who purchase energy-efficient equipment used for heating, cooling, and providing electricity to their residences. The amount of the deduction equals 50% of such equipment expenditures, but not more than $7,500 total.
Patron - Caputo

F HB 1879

Income tax; qualified adoption expenses tax credit. Provides a tax credit for individuals with qualified adoption expenses, in an amount up to $4,000, for taxable years beginning on or after January 1, 2007.
Patron - Caputo

F HB 1888

Real estate tax; limitation on tax rate. Provides that the total tax revenue in a locality may not exceed 105% of the total tax revenue in the locality in the immediately prior year unless approved by at least a two-thirds majority vote of the local governing body.
Patron - Albo

F HB 1894

Car tax relief. Removes the cap on the overall amount of car tax relief beginning January 1, 2008, and gradually increases the amount of car tax relief to 100% of the reimbursable amount for qualifying vehicles over a six-year period. The bill is effective January 1, 2008.
Patron - Albo

F HB 1937

Machinery and tools tax; certain idle equipment. Classifies as intangible personal property idle equipment, hardware or software, of a research and development or technology, high technology, or nanotechnology business.
Patron - Purkey

F HB 1948

Sales and use tax; tax exemption for volunteer fire departments and rescue squads. Modifies the process for exempting nonprofit organizations from the retail sales and use tax by exempting from the tax certain volunteer fire departments and volunteer rescue squads, without the requirement for such organizations to follow the administrative process utilized by the Department of Taxation for the Department's granting of sales and use tax exemptions to nonprofits generally. This bill was incorporated into HB 2545.
Patron - Morgan

F HB 2014

Individual income tax; subtraction for military retirement income. Provides a subtraction in calculating Virginia taxable income for any amount received by an individual as military retirement income, for taxable years beginning or after January 1, 2008.
Patron - Suit

F HB 2071

Motor vehicle sales and use tax; increase for transportation purposes. Increases the motor vehicle sales and use tax from 3% to 5% and dedicates the revenue generated for various transportation purposes. The authority to impose the additional tax ceases on December 31 of any year in which any of the additional revenue is not used for transportation purposes. The bill also requires the Department of Transportation to report in each odd year on the condition and needs for maintaining and operating the existing transportation infrastructure for all asset management and maintenance based on an asset management methodology.
Patron - Brink

F HB 2088

Sales and use tax exemption; nonprofit schools. Exempts qualified nonprofit entities organized for the purpose of operating nonprofit schools from the following two criteria used, among others, in determining sales and use tax exemption for nonprofit entities: (i) that the entity's annual general administrative costs, including salaries and fundraising, relative to its annual gross revenue, under generally accepted accounting principles, is not greater than 40%; and (ii) that if the entity's gross annual revenue was $250,000 or greater in the year prior to applying for the exemption, then the entity must provide a financial audit performed by an independent certified public accountant. The bill also increases the $250,000 revenue limit to $500,000 and allows all nonprofits with more than $500,000 in gross annual revenue to provide a review or financial audit. This bill was incorporated into HB 2545.
Patron - Janis

F HB 2127

Real property tax rates; notice. Requires localities to provide individual notice to each real estate taxpayer of certain proposed tax rates. The notice is triggered in any year in which any annual assessment, biennial assessment, or general reassessment at the current rate would result in an increase of one percent or more in the total real property tax revenue in the following year, and the locality's new rate derived from its new proposed budget would yield in the forthcoming year more than 101% of the total real estate tax revenue received in the prior year. The individual notice shall include the property owner's previous year's real property tax levy, the real property tax levy at the derived rate.
Patron - Hugo

F HB 2133

Income tax; indexing rates, filing thresholds, personal exemptions, and standard deduction. Indexes to the rate of inflation the amount of the income tax brackets for tax rates, filing thresholds, personal exemptions, and standard deductions, for taxable years beginning on and after January 1, 2008.
Patron - Hugo

F HB 2139

Setoff Debt Collection Act; setoff against federal tax refunds for local tax debt. Allows local governments, with the Department of Taxation's assistance, to collect past due local taxes from federal income tax returns. The provisions of the act will take effect on the effective date of federal legislation enacted by the United States Congress allowing such debt to be offset against federal income tax refunds.
Patron - Brink

F HB 2160

Income tax; energy efficient equipment tax credit. Grants an income tax credit for taxable years beginning on or after January 1, 2007, to individuals who purchase energy efficient equipment for their homes. The amount of the deduction equals 30% of such equipment expenditures but not more than $1,500 total.
Patron - O'Bannon

F HB 2167

Sales and use tax exemption; school-related items. Provides a sales and use tax exemption, during a three-day period each year beginning on the first Friday in August, for (i) computer systems where the selling price for each system is $1,500 or less and (ii) computers, computer hardware, computer software, and portable calculators where the selling price for each item is $500 or less. This bill incorporates HBs 1659, 2925, and 2940.
Patron - Cline

F HB 2190

Motor fuel tax; increase. Increases the tax on gasoline, diesel fuel, and alternative fuel by $0.055 per gallon; increases the motor carrier road tax by an equivalent of $0.055 per gallon of fuel used in the Commonwealth; and increases the alternative use fee for certain motor carriers from $100 to $150 (the fee is an alternative to paying the motor carrier road tax). The revenue generated is used for transportation purposes as required by existing law.
Patron - Hull

F HB 2191

Land preservation tax credit; indexing. Requires the maximum $100 million amount allowed annually for the land preservation tax credit to increase each calendar year by $2.5 million in 2008 until it reaches $112.5 million in 2012.
Patron - Hull

F HB 2192

Sales tax holiday; reports by retailers. Requires retailers to report the total sales that are exempt from the retail sales and use tax as a result of the annual sales tax holiday in August when filing their monthly sales and use tax returns beginning in 2007.
Patron - Hull

F HB 2224

Business, professional and occupational license (BPOL) tax; media exemption. Repeals the BPOL tax exemption for newspapers, magazines, newsletters, or other publications issued daily or regularly at average intervals not exceeding three months.
Patron - Wardrup

F HB 2225

Publications tax; Virginia Water Quality Improvement Fund. Creates a tax to be imposed on newspapers, magazines, newsletters, or other publications at the rate of $0.01 on every such publication delivered and sold in the Commonwealth. The revenue generated shall be deposited into the Virginia Water Quality Improvement Fund.
Patron - Wardrup

F HB 2226

Land conservation income tax credits. Removes the annual inflation indexing that would have increased, beginning in 2008, the $100 million total cap on the amount of land conservation income tax credits that may be issued by the Department of Taxation annually.
Patron - Wardrup

F HB 2262

Car tax; dedicates a portion of income tax to localities. Repeals the car tax reimbursement program and replaces it by dedicating 17.5% of the state individual income tax collections to localities. The bill is effective January 1, 2009, but only if a constitutional amendment is ratified in November 2008, exempting from taxation all motor vehicles used for nonbusiness purposes.
Patron - Rust

F HB 2283

Real property tax; deferral of tax for certain elderly and disabled. Creates a formula for determining net financial worth with regard to deferring or exempting real estate tax for elderly and disabled in certain localities. The net combined financial worth is to be determined as the portion of net combined financial worth equal to the percentage of total combined income derived from pension or social security income.
Patron - Watts

F HB 2291

State recordation tax; exemptions. Provides that the state recordation tax levied on every deed admitted to record and on every contract or memorandum thereof relating to real or personal property admitted to record shall not apply to any deed conveying real estate or lease of real estate to the surviving or new limited partnership or business trust upon a merger or consolidation to which two or more such entities are parties, or in a reorganization within the meaning of § 368 (a) (1) (C) and (F) of the Internal Revenue Code as amended.
Patron - McClellan

F HB 2315

Meals tax; referendum required in certain cities. Restricts the imposition in any city of any new meals tax or tax rate increase resulting in a rate greater than 5.5% without approval by referendum. The bill grandfathers the rates of cities that currently exceed 5.5%.
Patron - Welch

F HB 2338

Transient occupancy tax. Gives each town the authority to preempt a county's transient occupancy tax within the town, whether the county's tax is pursuant to the authority under § 58.1-3819 or to authority under other previous law. Under current law such preemption applies only to a county's transient occupancy tax imposed pursuant to § 58.1-3819.
Patron - Gilbert

F HB 2382

Local consumer utility taxes. Provides that the provider of consumer utility tax billing services remains liable to the appropriate taxing locality if the taxes are remitted to the wrong locality. The bill requires the provider of billing services to state on the consumer's bill the locality to which the taxes are remitted and to advise the consumer of the procedure to use to correct the information if it is not correct.
Patron - May

F HB 2388

Local license tax incentive and grants for certain businesses. Permits any locality to exempt in whole or in part from local license taxes businesses that are primarily engaged in providing electronic payments processing services for financial institutions, that first have a definite place of business within a Multicounty Transportation Improvement District on or after July 1, 2008, and upon whose property a special improvements tax is being levied under § 15.2-4607. The bill also authorizes any locality to provide the same businesses with grants or contractual payments or benefits when warranted by the economic or other benefit the locality will receive. The provisions of the bill expire on June 30, 2016.
Patron - May

F HB 2437

Income tax; telework expenses tax credit. Provides a tax credit to employers for expenses incurred in allowing employees to telework pursuant to a signed telework agreement. An employer would be eligible for a credit of up to $1,200 per teleworking employee, depending on the number of days per month an employee will telework and whether the employer's primary place of business is located in a nonattainment area under the federal Clean Air Act. There is also a 100% tax credit for costs the employer incurs for conducting a telework assessment in the year prior to implementing a formal telework program. This assessment credit is capped at $20,000 per employer. The aggregate amount of tax credits that will be issued is capped at $2 million annually for taxable years 2008 and 2009.
Patron - Frederick

F HB 2439

Income tax; age deduction. Replaces the current age deduction for income tax purposes with a deduction of $7,000 for taxpayers age 62 through 64 and $14,000 for taxpayers age 65 and older whose social security benefits are no more than $3,500, effective for taxable years beginning January 1, 2008. The deduction and benefits amounts are to be indexed annually according to the Consumer Price Index for all Urban Consumers.
Patron - Frederick

F HB 2442

Bills sent for omitted taxes. Requires bills sent by the Department of Taxation for unpaid or omitted taxes to identify the specific tax or taxes (or the specific tax return that was not filed), identify the actual return filed by the taxpayer that relates to the assessment of any tax, and include in separately stated line items the amount of any penalty or interest being assessed. The bill is effective October 1, 2007.
Patron - Frederick

F HB 2443

Local license taxes; repeal. Repeals local license (BPOL) taxes.
Patron - Frederick

F HB 2464

Motor fuels tax and road tax; rates and refunds. Increases the motor fuels tax rate by $0.05 per gallon from $0.175 to $0.225 for gasoline and from $0.16 to $0.21 for diesel, effective January 1, 2008, and ending February 1, 2009. Effective February 1, 2009, the rates increase an additional $0.05 to $0.275 and $0.26, respectively, if a constitutional amendment making the Transportation Trust Fund a permanent fund is approved by the voters during the 2008 general election. The road tax is maintained at the current additional three cents per gallon. It also provides a $50 refund in 2008 through 2010 to households in which the total income is $25,000 or less annually.
Patron - Marshall, D.W.

F HB 2466

Motor vehicle sales and use tax; basis and rate. Reduces the sale price for determining motor vehicle sales and use tax by (i) the credit given by the seller for any motor vehicle taken as a trade-in, and (ii) the amount of cash discount or rebate given by the seller or the manufacturer. The bill also caps the sale price on which the tax is computed at $70,000, and increases the motor vehicle sales and use tax rate from 3% to 3.5%.
Patron - Marshall, D.W.

F HB 2467

Motor vehicle sales and use tax; basis and rate. Reduces the sale price for determining motor vehicle sales and use tax by (i) the credit given by the seller for any motor vehicle taken as a trade-in, and (ii) the amount of cash discount or rebate given by the seller or the manufacturer. The bill also caps the sale price on which the tax is computed at $70,000, and increases the motor vehicle sales and use tax rate from 3% to 4%.
Patron - Marshall, D.W.

F HB 2499

Transient occupancy tax; transportation needs. Grants authority to most counties to impose an extra 2% transient occupancy tax to be used solely for local transportation needs.
Patron - Orrock

F HB 2507

Real property tax; valuation. Prohibits assessors and appraisers from considering federal or state income tax credits when determining fair market value of real property for valuation purposes.
Patron - Jones, D.C.

F HB 2548

Sales and use tax; increase authorized in certain localities. Authorizes Arlington County, Fairfax County, the City of Alexandria, the City of Fairfax, and the City of Falls Church to impose an additional 0.25% local sales and use tax. The revenue is to be used solely for each locality's financial obligations to the Washington Metropolitan Area Transit Authority. The authority to impose the additional tax is contingent on matching federal funds being appropriated and distributed to the Washington Metropolitan Area Transit Authority.
Patron - Ebbin

F HB 2559

Business, professional and occupational license tax; basis after first year. Authorizes the local commissioner of the revenue to accept estimated payments of BPOL tax based on the amount paid by the taxpayer in the immediately preceding taxable year.
Patron - Brink

F HB 2577

Income tax; age deduction. Provides that those taxpayers born after January 1, 1939, and no later than January 1, 1942, who are subject to the means test at age 65 with regard to the $12,000 deduction are allowed a deduction of no less than $6,000 for taxable years beginning on and after January 1, 2008.
Patron - Shannon

F HB 2606

Motor fuel tax; rate increase. Increases the tax on gasoline, diesel fuel, and alternative fuel by $0.10 per gallon; increases the motor carrier road tax by an equivalent of $0.10 per gallon of fuel used in the Commonwealth; and increases the alternative use fee for certain motor carriers from $100 to $150 (the fee is an alternative to paying the motor carrier road tax). All motor fuels taxes will be indexed every two years beginning July 1, 2008, by an amount equal to the percentage change in the U.S. Department of Labor's Producer Price Index for Highway and Street Construction. The revenue generated is used for transportation purposes as required by existing law.
Patron - Watts

F HB 2608

Income tax; deduction for licensed medical caregivers. Grants an income tax deduction, for taxable years beginning on or after January 1, 2008, in the amount of $10,000 for licensed medical caregivers who provide medical-related services to individuals in their homes. The deduction is reduced $1 for every $2 the taxpayer's federal adjusted gross income exceeds $40,000.
Patron - Watts

F HB 2609

Income tax; in-home health care tax credit. Provides an income tax credit for every individual taxpayer who pays medical and in-home care expenses for family members living with the taxpayer, for taxable years beginning on or after January 1, 2008. The amount of the credit is equal to the amount paid for such expenses and that is not reimbursed. The credit will be reduced $1 for every $2 that the taxpayer's federal adjusted gross income exceeds $50,000 for single taxpayers and $75,000 for married taxpayers.
Patron - Watts

F HB 2611

Local piggyback income tax and personal property tax. Allows localities to impose a local income tax at a rate of either 0.50% or 1% upon the Virginia taxable income of individuals, trusts, estates, and corporations provided the personal property tax rate does not exceed $0.01 per $100 of value on personally owned motor vehicles. The Tax Commissioner collects the tax and returns it to localities based on taxpayers' residences. A new classification for personal property tax purposes is created for motor vehicles used for nonbusiness purposes. The provisions of the act will take effect January 1, 2008.
Patron - Watts

F HB 2621

Directing the State Tax Commissioner to revise certain sales and use tax forms. Directs the State Tax Commissioner to revise the "Virginia Retail Sales and Use Tax Return" and the "Virginia Retail Sales and Use Tax Worksheet" to reduce the confusion among dealers who collect and remit the sales and use tax imposed on prepared food.
Patron - Fralin

F HB 2632

State Lottery Department; lottery sales agents. Provides that the fact that lottery sales agents are licensed by the State Lottery Department does not, on that basis alone, deem the sales agents to be under any program or activity receiving state financial assistance or under any program or activity conducted by or on behalf of any state agency for purposes of the Americans with Disabilities Act.
Patron - Reid

F HB 2634

Tax legislation; sunset date. Requires a sunset date of no more than four years on all taxation bills that add new taxes or increase tax rates.
Patron - Reid

F HB 2641

Real property tax exemptions for elderly and disabled; indexing income limits. Requires indexing the income limits annually based on the percentage change in the Consumer Price Index for All Urban Consumers for purposes of the real property tax exemptions for elderly and disabled.
Patron - Gear

F HB 2643

Individual income tax; senior citizen tax relief. Provides for indexing the $12,000 and $6,000 age deduction amounts based on the Consumer Price Index for All Urban Consumers, for taxable years beginning on or after January 1, 2008.
Patron - Caputo

F HB 2666

Machinery and tools taxation. Exempts certified pollution control equipment and facilities, placed in service on or after January 1, 2009, from state and local taxation pursuant to subsection (d) of Section 6 of Article X of the Constitution of Virginia. The measure also provides that certain machinery and tools placed in service on or after January 1, 2009, are taxable as intangible personal property, thereby excluding such property from local taxation.
Patron - Purkey

F HB 2675

Beginning business licenses. Provides that the governing body of any county, city, or town may require that no beginning business license for a beginning business shall be issued until the applicant has produced satisfactory evidence that all properly assessed delinquent business license, personal property, meals, transient occupancy, severance, and admissions taxes owed by the business to the county, city, or town have been paid.
Patron - Ware, O.

F HB 2677

Sales and use tax; commercial and industrial exemptions. Provides an exemption from the sales and use tax for railroad rolling stock when sold or leased by the manufacturer or builder, beginning July 1, 2007. This bill was incorporated into HB 2148.
Patron - Ware, O.

F HB 2686

Income tax credit; animal adoption tax credit. Allows a nonrefundable credit to individuals who adopt animals from pounds or nonprofit shelters, for taxable years beginning on and after January 1, 2007.
Patron - Cline

F HB 2698

Northern Virginia Transportation District Fund; dedication of state matching funds to the Washington Metropolitan Area Transit Authority. Dedicates, through the year 2018, any additional funds that may be distributed to the Northern Virginia Transportation District Fund as a result of the 2007 Session of the General Assembly increasing the recordation tax revenue distributed to localities pursuant to § 58.1-816 to the Washington Metropolitan Area Transit Authority (WMATA) to provide funds to the Authority as may be required under federal law for the payment of certain federal funds to WMATA, the funds to be used for capital improvements for WMATA's transit service (Metro). The bill expires June 30, 2008, if such federal law is not in effect on that date.
Patron - Hugo

F HB 2699

Sales and use tax; dedicate portion of state's general fund share to WMATA. Requires that, from the Commonwealth's current share of the state sales and use tax, an amount equivalent to the revenue generated by a 0.25% sales and use tax on sales from the Counties of Arlington and Fairfax and the Cities of Alexandria, Fairfax, and Falls Church shall be dedicated for use by the Washington Metropolitan Area Transit Authority (WMATA), as may be provided by federal law for the payment of certain federal funds to WMATA and only at such time as the federal law is enacted.
Patron - Hugo

F HB 2703

Sales and use tax; portion dedicated for transportation. Dedicates the revenue generated by a 0.50% sales and use tax for transportation projects in each highway construction district throughout the Commonwealth on a pro rata basis pursuant to the percentage of the total state sales and use tax collected in the localities in each such district. The bill also creates a transportation program for each highway construction district (similar to the Northern Virginia Transportation Program) as the vehicle by which the revenues are distributed. In addition, the revenues may be used to issue bonds annually with a face value up to two-thirds of the amount of revenue estimated to be dedicated for each respective fiscal year, with the bond proceeds distributed to each transportation program on the same pro rata basis. For all the transportation programs other than that for Northern Virginia and that for Hampton Roads, the Commonwealth Transportation Board shall determine the transportation projects to be funded. The transportation projects to be funded in Northern Virginia shall be as determined by the Northern Virginia Transportation Authority. The transportation projects to be funded in Hampton Roads shall be as determined by the Hampton Roads Metropolitan Planning Organization with the advice and consent of the members of the House Appropriations and Senate Finance Committees residing in Planning District 23.
Patron - Hugo

F HB 2704

Sales and use tax; portion dedicated for transportation. Dedicates the revenue generated by a 0.50% sales and use tax, all insurance license tax revenues, and state recordation tax revenues not already dedicated for transportation projects in each highway construction district throughout the Commonwealth on a pro rata basis pursuant to the percentage of the total state sales and use tax collected in the localities in each such district. The bill also creates a transportation program for each highway construction district (similar to the Northern Virginia Transportation Program) as the means by which the revenues are distributed. In addition, the revenues may be used to issue bonds annually with a face value up to two-thirds of the amount of revenue estimated to be dedicated for each respective fiscal year, with the bond proceeds distributed to each transportation program on the same pro rata basis. For all the transportation programs other than those for Northern Virginia and Hampton Roads, the Commonwealth Transportation Board shall determine the transportation projects to be funded. The transportation projects to be funded in Northern Virginia shall be as determined by the Northern Virginia Transportation Authority. The transportation projects to be funded in Hampton Roads shall be as determined by the Hampton Roads Metropolitan Planning Organization with the advice and consent of the members of the House Appropriations and Senate Finance Committees residing in Planning District 23. The bill also requires that, from the Commonwealth's current share of the state sales and use tax, an amount equivalent to the revenue generated by a 0.25% sales and use tax on sales from the Counties of Arlington and Fairfax and the Cities of Alexandria, Fairfax, and Falls Church shall be dedicated for use by the Washington Metropolitan Area Transit Authority (WMATA), as may be provided by federal law for the payment of certain federal funds to WMATA and only at such time as the federal law is enacted.
Patron - Hugo

F HB 2705

Recordation tax; dedicated for transportation. Dedicates state recordation tax revenues not already dedicated for transportation projects in each highway construction district throughout the Commonwealth on a pro rata basis pursuant to the amount of the recordation tax collected in the localities in each such district. The bill also creates a transportation program for each highway construction district (similar to the Northern Virginia Transportation Program) as the means by which the revenues are distributed. In addition, the revenues may be used to issue bonds annually with a face value up to two-thirds of the amount of revenue estimated to be dedicated for each respective fiscal year, with the bond proceeds distributed to each transportation program on the same pro rata basis. For all the transportation programs other than that for Northern Virginia and that for Hampton Roads, the Commonwealth Transportation Board shall determine the transportation projects to be funded. The transportation projects to be funded in Northern Virginia shall be as determined by the Northern Virginia Transportation Authority. The transportation projects to be funded in Hampton Roads shall be as determined by the Hampton Roads Metropolitan Planning Organization with the advice and consent of the members of the House Appropriations and Senate Finance Committees residing in Planning District 23.
Patron - Hugo

F HB 2719

Local cigarette tax; counties. Authorizes any county to impose a local cigarette tax at a rate not to exceed $0.05 per pack or the amount levied under state law, whichever is greater.
Patron - Barlow

F HB 2739

Sales and use tax exemption; Energy Star certified products. Exempts certain energy-efficient products from sales and use tax.
Patron - Englin

F HB 2746

Local income tax; freeze real estate tax amount. Allows localities to impose a local income tax if they freeze the amount of real estate tax collections as of the date the local income tax is adopted. Prior to adopting the tax, there must be a referendum approving it, and the local governing body must adopt an ordinance. Localities will continue to assess real property as they normally would. The purpose of the local income tax is to make up the revenues that would have been collected from the real property tax if the collections amount had not been frozen.
Patron - Englin

F HB 2753

Real property tax; tax credit for certain residential real property. Allows localities to provide a tax credit equal to five percent of the tax liability due on residential real property located within one mile of a light or heavy rail station or bus station that is a hub. The credit may be taken only by property owners who purchased their homes on or after January 1, 2007, and may be taken for a period not to exceed five years.
Patron - Marsden

F HB 2754

Illegal substances excise tax; penalty. Creates an illegal substances excise tax to be imposed on individuals who possess, actually or constructively, any Schedule I or II controlled substances, marijuana, and illegally manufactured alcoholic beverages. The rates of the tax range from $0.40 per gram of marijuana up to $200 per gram of controlled substances, other than cocaine, for which the rate is $50 per gram. The tax is paid by the individual to the Tax Department, and stamps are issued to be affixed to the illegal substances to show the tax has been paid.
Patron - Hurt

F HB 2803

Income tax and sales and use tax; tax preferences for certain telecommunications service providers. Creates an income tax credit and sales and use tax exemption for wireless and broadband equipment purchased by telecommunications providers for use within rural areas of the Commonwealth. The income tax credit is equal to 30% of all expenditures for wireless and broadband equipment used in providing telecommunications services in the rural areas of the Commonwealth. There is a $1 million cap on the total amount of income tax credits that may be allowed in any tax year. Both preferences are effective in 2007.
Patron - Byron

F HB 2806

BPOL tax; powers of commissioners of the revenue. Grants local commissioners of the revenue the power to deny or revoke business licenses of persons who are aliens and who cannot provide legal documents proving they are legally eligible to be employed in the United States.
Patron - Byron

F HB 2810

Individual income taxes; credit for purchase of certain prescription drug expenses. Provides a credit against individual income taxes for certain expenses for prescription drugs paid by the individual during the taxable year. The amount of the credit shall equal 100% of the amount paid during the taxable year by the individual in expenses for prescription drugs that were incurred solely as a result of the coverage gap period under the Medicare Part D Prescription Drug Program. The credit would be available beginning with the 2006 taxable year. Any unused credit may be carried over in the next five taxable years.
Patron - Sickles

F HB 2812

Classification of taxable real property. Permits localities to tax residential property at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes.
Patron - Englin

F HB 2874

Sales and use tax; additional discount to certain dealers. Provides additional discounts to dealers who use certain software products that more accurately establish the locality to which a taxable sale is attributable.
Patron - McEachin

F HB 2909

Real property tax; exemption for elderly and disabled. Allows localities to grant higher percentages of tax relief to the elderly based on increasing age, especially for those who are 75 years of age and older.
Patron - Spruill

F HB 2913

Local license tax; coal and gas road improvement tax. Extends the sunset date from July 1, 2007 to July 1, 2012 for the local coal and gas road improvement tax. This bill was incorporated into HB 1628.
Patron - Bowling

F HB 2919

Communications sales and use tax; distribution formula for localities. Provides for the inclusion of unpaid cable franchise fees by the Tax Commissioner when calculating each locality's share of the Communications Sales and Use Tax Trust Fund when the franchisee fails to pay them. The bill also requires the Auditor of Public Accounts to increase the amounts on a pro rata basis if a locality did not collect the tax revenues for the entire 12 months of Fiscal Year 2006.
Patron - Bowling

F HB 2925

Sales and use tax; limited exemption on computers. Adds computers and related peripheral equipment to the list of items that are exempt from the sales and use tax during a three-day period the first weekend in August, beginning in 2007. The exemption shall only apply to a selling price of $1,500 or less for such computers and equipment. This bill was incorporated into HB 2167.
Patron - Rust

F HB 2929

Local license fees. Authorizes any county, city, or town to impose a business license fee in an amount not to exceed $1,000 and to vary the amount of the fee according to the amount of the gross receipts of the business. Under current law, the maximum fee is $50 for localities having a population of 25,000 or more and $30 for localities having a population of less than 25,000. The bill does not alter current law that permits localities to impose a license tax on any business on which a license fee is not imposed.
Patron - Miller, J.H.

F HB 2930

Local business, professional and occupational business licenses; state licenses. Provides that local business licenses and state licenses shall be denied or suspended if the business employs or uses unlawful workers. This bill was incorporated into HB 3130.
Patron - Miller, J.H.

F HB 2940

Sales and use tax exemption; personal computers and computer printers. Provides an exemption from sales and use tax on personal computers and computer printing equipment with a selling price of $2,000 or less purchased during the three-day period beginning each year on the first Friday of August and ending on the first Sunday in August. This bill was incorporated into HB 2167.
Patron - Miller, J.H.

F HB 2942

Transportation Trust Fund; dedication of certain recordation tax revenue. Dedicates to the Transportation Trust Fund the additional recordation tax revenue generated by the recordation tax increase enacted during the 2004 Special Session I.
Patron - Miller, J.H.

F HB 2988

Individual income tax; filing threshold amounts. Increases the filing thresholds for the state income tax from $7,000 to $12,000 for individuals and from $14,000 to $24,000 for couples for taxable years beginning on and after January 1, 2008. This bill was incorporated into HB 3022.
Patron - Melvin

F HB 2997

Motor fuels tax. Modifies the rates of taxation on motor fuels to be the greater of (i) the current specific cents-per-gallon rates or (ii) percentage rates, 7.3% for gasoline and gasohol, and 6.5% for diesel. The percentage rates would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Division of Motor Vehicles over rolling six-month periods.
Patron - Scott, J.M.

F HB 3026

Income tax; home accessibility features for the disabled tax credit. Broadens the current tax credit that is granted for adding to existing residences home accessibility features for the disabled to also include such features in new residential construction, and increases from 25%t to 100% the portion of the expenses allowed for the credit for any veteran of the armed forces of the United States who has been determined pursuant to federal law to have a 100% permanent and total service-connected disability and who occupies or will occupy as his principal residence the retrofitted home. This bill was incorporated into HB 2498.
Patron - Lingamfelter

F HB 3053

Income tax credit; veterinarian pro bono services tax credit and companion animal adoption tax credit. Allows a nonrefundable credit to (i) veterinarians of $50 for each spaying, neutering or euthanasia procedure or other routine service performed at no cost on animals from public pounds and 501 (c) (3) shelters, and (ii) individuals for $100 who adopt animals from pounds or nonprofit shelters. The veterinarian services tax credit amount may not exceed $2,500 annually per veterinarian.
Patron - Hull

F HB 3070

Recordation tax exemptions; Hampton Roads Proton Beam Therapy Institute at Hampton University. Exempts from recordation tax certain nonprofit corporations or limited liability companies that are owned or controlled by a nonprofit college or other institution of higher education with a purpose of owning or operating nonprofit educational, research, training, or treatment facilities in medical, scientific, public health, and public safety disciplines.
Patron - Ward

F HB 3103

Income tax; public safety officials' tax credit. Provides a nonrefundable income tax credit of $800 annually to police officers and professional firefighters.
Patron - Miller, P.J.

F HB 3125

Income tax; energy-efficient equipment tax credit. Grants an income tax credit for taxable years beginning on or after January 1, 2007, to taxpayers (individuals and corporations) who purchase energy-efficient equipment for heating, cooling, and electricity generation for their commercial property used in a business. The amount of the credit equals 25% of such equipment expenditures, but may not be more than $7,500 total.
Patron - Caputo

F HB 3128

Admissions tax; Scott County. Authorizes Scott County to impose a tax on admissions to any off-track horse race wagering facility in the amount of $0.25 for each patron admitted.
Patron - Kilgore

F HB 3130

BPOL tax; refusal to grant and revocation of business licenses. Prohibits the issuance of a business license to any individual who cannot provide legal documents proving such individual is legally eligible to be employed or to work in the United States. The bill also authorizes commissioners of the revenue to revoke a license that has already been issued to such an individual.
Patron - Byron

F HB 3165

Corporate income tax; higher education research and development tax credit. Allows corporations that invest in research and development programs in Virginia's institutions of higher education a tax credit in the amount of 20% of such investments, effective for taxable years beginning on or after January 1, 2008. The annual total credit per taxpayer is limited to $100,000, and the total amount of credits that may be granted annually by the Department of Taxation is $20 million.
Patron - Moran

F HB 3176

Local real estate tax exemptions. Provides that any person who substantially changes real estate, upon which a historic landmark was formerly situated, into commercial or industrial use property shall be eligible for a partial exemption from real estate taxes for the commercial or industrial property provided that such person was not the party who demolished the historic landmark.
Patron - Saxman

F SB 765

Real property assessments. Provides that certain restrictions on the use or development of resource protection areas be considered in determining fair market value.
Patron - Colgan

F SB 830

Supplemental transportation funding for Northern Virginia. Permits the counties and cities that are members of the Northern Virginia Transportation Authority to impose additional local taxes and fees to be used by the Authority for transportation projects in the localities comprising the Authority. The additional local option taxes and fees are: (i) an initial registration fee at the time a vehicle is first registered in the county or city by the vehicle owner at the rate of 0.50% of the value of the vehicle; (ii) a retail sales and use tax at the rate of 0.50%; and (iii) a grantor's tax at a rate of $0.05 per $100 of the value of the real estate. All moneys received by the Authority from these additional taxes and fees would be used for the primary benefit of those counties and cities imposing all of the additional taxes and fees. The membership of the Authority would be altered to provide for two additional members from the House of Delegates, one additional member from the Senate, and a mayor from a town within a county that is a member of the Authority. The Authority would use all the revenues generated under the bill as follows: 1. the first $50 million in each fiscal year would be distributed to the Washington Metropolitan Area Transit Authority (WMATA) to provide funds to the Authority as may be required under federal law for the payment of certain federal funds to WMATA. The Authority would make the annual distribution to WMATA from such revenues (i) only to the extent required under federal law for the payment of federal funds to WMATA, and (ii) only if the Counties of Arlington and Fairfax and the City of Alexandria are imposing all of the additional local taxes and fees authorized under the bill; 2. the next $25 million received in each fiscal year would be distributed to the Virginia Railway Express for capital projects or operating costs directly relating to transportation by rail, but only if Prince William County is imposing all of the additional local taxes and fees authorized under the bill; and 3. all other revenues would be used for transportation projects for the localities embraced by the Authority as determined by the Authority.
Patron - Devolites Davis

F SB 843

Supplemental transportation funding for Northern Virginia. Increases the state grantor's tax by $0.40 per $100 of value in the Counties of Arlington, Fairfax, Loudoun, and Prince William and the Cities of Alexandria, Fairfax, Falls Church, Manassas, and Manassas Park. The bill would also authorize the governing bodies of such counties and cities to impose a local (i) initial registration fee at the time a vehicle is first registered by the vehicle owner at the rate of 0.50% of the value of the vehicle and (ii) retail sales and use tax at the rate of 0.50%. All revenues from the increase in the state grantor's tax and the local option registration fee and sales tax would be distributed to the Northern Virginia Transportation Authority. The Authority would be required to use each dollar of revenue from the increase in the state grantor's tax for transportation projects in the county or city from which such revenue was generated. The Authority would use the revenues from the local option taxes for the primary benefit of the counties and cities imposing the local option taxes. The revenues from the local option taxes would be used as follows: 1. the first $50 million in each fiscal year would be distributed to the Washington Metropolitan Area Transit Authority (WMATA) to provide funds to WMATA as may be required under federal law for the payment of certain federal funds to WMATA. The Authority would make the annual distribution to WMATA from such revenues (i) only to the extent required under federal law for the payment of federal funds to WMATA, and (ii) only if the Counties of Arlington and Fairfax and the City of Alexandria are imposing all of the additional local taxes and fees authorized under the bill; 2. the next $25 million received in each fiscal year would be distributed to the Virginia Railway Express for capital projects or operating costs directly relating to transportation by rail, but only if Prince William County is imposing all of the additional local taxes and fees authorized under the bill; and 3. all other revenues would be used for transportation projects for the localities embraced by the Authority as determined by the Authority. The membership of the Authority would be altered to provide for two additional members from the House of Delegates, one additional member from the Senate, and a mayor from a town within a county that is a member of the Authority.
Patron - Devolites Davis

F SB 853

Admissions tax; Charles City County. Permits Charles City County to impose an admissions tax.
Patron - Lambert

F SB 854

Charles City County; transient occupancy tax. Adds Charles City County to the list of counties that may levy the transient occupancy tax at a rate of five percent, with the revenues collected from that portion of the tax over two percent designated and spent solely for tourism, marketing of tourism or initiatives that, as determined in consultation with the local tourism industry organizations, attract travelers to the locality and generate tourism revenues in the locality.
Patron - Lambert

F SB 990

Income tax credits; machinery and equipment used in recycling process. Extends the sunset date from January 1, 2007, to January 1, 2015, for the income tax credit for machinery and equipment used to produce goods from recyclable materials. The bill would also make the credit available to individual income taxpayers by way of their ownership in various pass-through entities. Currently, only corporate income taxpayers may claim the credit, and the credit may not be claimed by individual income taxpayers, including those holding an interest in a pass-through entity.
Patron - Blevins

F SB 994

Sales and use tax exemption; commercial and industrial exemptions. Provides a sales and use tax exemption for personal property purchased by a contractor on or after July 1, 2007, and used solely in any construction project for a local school division.
Patron - Blevins

F SB 1011

Business, professional, occupational license tax; motor fuels tax exemption. Clarifies that the motor fuels tax is exempt from gross receipts for purposes of the BPOL tax. This bill was incorporated into SB 772.
Patron - Saslaw

F SB 1020

Sales and use tax; increase authorized in certain localities. Authorizes Arlington County, Fairfax County, the City of Alexandria, the City of Fairfax, and the City of Falls Church to impose an additional 0.25% local sales and use tax. The revenue is to be used solely for each locality's financial obligations to the Washington Metropolitan Area Transit Authority. The authority to impose the additional tax is contingent on matching federal funds being appropriated and distributed to the Washington Metropolitan Area Transit Authority.
Patron - Whipple

F SB 1021

Setoff Debt Collection Act; setoff against federal tax refunds for local tax debt. Allows local governments, with the Department of Taxation's assistance, to collect past due local taxes from federal income tax returns. The provisions of the act will take effect on the effective date of federal legislation enacted by the United States Congress allowing such debt to be offset against federal income tax refunds.
Patron - Whipple

F SB 1055

Neighborhood Assistance Act tax credit. Moves the Neighborhood Assistance Act Tax Credit program from Title 63.2 (Welfare (Social Services)) to Title 58.1 (Taxation) and provides a cross-reference to the tax credit program in Title 63.2 (§ 63.2-2002).
Patron - Edwards

F SB 1058

Local real estate tax exemptions. Provides that any person who substantially changes real estate, upon which a historic landmark was formerly situated, into commercial or industrial use property shall be eligible for a partial exemption from real estate taxes for the commercial or industrial property provided that such person was not the party who demolished the historic landmark.
Patron - Watkins

F SB 1081

Communications sales and use tax; distribution formula for localities. Provides for the inclusion of unpaid cable franchise fees by the Tax Commissioner when calculating each locality's share of the Communications Sales and Use Tax Trust Fund when the franchisee fails to pay them. The bill also requires the Auditor of Public Accounts to increase the amounts on a pro rata basis if a locality did not collect the tax revenues for the entire 12 months of Fiscal Year 2006.
Patron - Puckett

F SB 1118

BPOL tax; refusal to grant and revocation of business licenses. Authorizes local governing bodies by ordinance to provide that no business license be issued, or provide for the revocation of a license that has already been issued, to any person who (i) is an alien and who cannot provide legal documents proving such person is legally eligible to be employed or to work in the United States, or (ii) has as an employee of the business any such alien. The bill would require commissioners of the revenue to enforce the ordinance.
Patron - Cuccinelli

F SB 1135

Tax on mobile telecommunications services; Charles City County. Authorizes the board of supervisors of Charles City County to adopt a tax on mobile telecommunications services in the county. The tax will be collected by service providers, transmitted to the Tax Commissioner, and distributed to the county in accordance with the procedures set forth in the Virginia Communications Sales and Use Tax Act.
Patron - Lambert

F SB 1155

Interstate 81 regional transportation authorities; transportation funding. Allows the governing bodies of two or more contiguous counties or cities along the Interstate 81 corridor or three or more counties or cities in the same construction district along the Interstate 81 corridor to form a regional transportation authority. Such an authority shall prepare a regional transportation plan and may construct or acquire transportation facilities specified in such a plan. An authority would also be responsible for long-range transportation planning for regional transportation projects. An authority may impose and collect tolls on facilities within its confines, subject to the approval of the Commonwealth Transportation Board, and cities or counties within the authority may, by ordinance, levy and impose an additional local sales and use tax, provided that all cities or counties within the authority adopt by ordinance the additional tax. An authority shall report annually on the allocation and expenditure of funds, including the use of funds to reduce congestion and improve air quality within the confines of the authority.
Patron - Potts

F SB 1206

Streamlined Sales and Use Tax Agreement. Conforms the Commonwealth's sales and use tax laws to the provisions of the Streamlined Sales and Use Tax Agreement.
Patron - Hanger

F SB 1214

Cigarette tax. Provides that any county not currently authorized to levy a tax upon the sale or use of cigarettes shall have the power to do so. The tax shall be in an amount and on terms the governing body may by ordinance prescribe, not to exceed the amount levied under state law. The revenues collected from the tax shall be designated and spent solely for the purpose of (i) purchasing agricultural conservation easements, (ii) funding initiatives that, as determined in consultation with local farm organizations, preserve farmlands in such county, (iii) funding a local purchase of development rights program that such county has established or will establish, or (iv) any combination thereof. Fairfax and Arlington Counties, which are currently authorized to levy a tax upon the sale or use of cigarettes, are not subject to the provisions of this bill that limit the amount of the tax and that designate the purposes for which the revenues collected from the cigarette tax must be spent.
Patron - Hanger

F SB 1261

Income tax; toll payment tax credit. Provides a tax credit against individual income tax for taxpayers making electronic toll collection payments, such as Smart Tag, in an amount equal to 10% of the total amount paid annually for tolls on Virginia highways, for taxable years beginning on or after January 1, 2007.
Patron - Herring

F SB 1266

Income tax; telework expenses tax credit. Provides a tax credit to employers for expenses incurred in allowing employees to telework pursuant to a signed telework agreement. An employer would be eligible for a credit of up to $1,200 per teleworking employee, depending on the number of days per month an employee will telework and whether the employer's primary place of business is located in a nonattainment area under the federal Clean Air Act. There is also a 100% tax credit for costs the employer incurs for conducting a telework assessment in the year prior to implementing a formal telework program. This assessment credit is capped at $20,000 per employer. The aggregate amount of tax credits that will be issued is capped at $2 million annually for taxable years 2008 and 2009.
Patron - Herring

F SB 1291

Business, professional and occupational license tax; contractors. Requires every contractor who is required to have a valid state contractor's license to provide proof of such license when applying for and renewing a local business license.
Patron - Norment

F SB 1328

Commonwealth Airport Fund; distribution of revenues. Changes the distribution of revenues of the Commonwealth Airport Fund for funds in excess of $12.1 million.
Patron - Williams

F SB 1335

Supplemental transportation funding for Northern Virginia. Authorizes the governing body of each of the Counties of Arlington, Fairfax, Loudoun, and Prince William and the Cities of Alexandria, Fairfax, Falls Church, Manassas, and Manassas Park to impose a retail sales and use tax at the rate of 0.50%. No county or city would be able to impose the tax unless at least six of the nine counties and cities adopt a local ordinance to impose the tax on or before November 15, 2007. If at least six of the nine counties and cities adopt the local ordinance by such date, then in any of the remaining nine localities that have not adopted the local ordinance by March 1, 2008, there would be imposed a state retail sales and use tax at the rate of 0.50%. All revenues from the state and local 0.50% sales tax would be distributed to the Northern Virginia Transportation Authority (the Authority). The Authority would be prohibited from using any revenues received from the state sales tax to pay debt service on or other costs related to any bonds of the Authority.
Patron - Colgan

F SB 1344

Recordation tax; exemptions. Provides an exemption from recordation taxes for deeds of trust or mortgages given by a nonprofit corporation or limited liability company that is owned or controlled by a nonprofit college or other nonprofit institution of learning.
Patron - Lambert

F SB 1365

Repeal of tangible personal property tax relief. Repeals tangible personal property tax relief on passenger cars, motorcycles, and pickup or panel trucks for tax years beginning on or after January 1, 2009. Under the bill, the annual $950 million currently dedicated for tangible personal property tax relief would be appropriated for transportation purposes.
Patron - Potts

F SB 1366

Transportation funding. Repeals Virginia's motor fuels taxes and increases the retail sales and use tax by an additional one percent, with the revenues from the increase deposited into the Transportation Trust Fund. The state and local retail sales and use tax would not apply to motor fuels, with the exception of the two percent sales and use tax on motor fuels in Northern Virginia. The new rate for the combined retail sales and use tax would be six percent. The bill would not affect the amount of the current fee imposed for the Virginia Petroleum Storage Tank Fund.
Patron - Williams

F SB 1379

Transportation Future Fund. Establishes the Transportation Future Fund (the Fund) to support the design and construction of surface transportation infrastructure of long-term statewide significance. Fund investments include design and construction of the Third Crossing of Hampton Roads; construction of the Southeastern Parkway and improvements to U.S. Route 460 and Interstate Route 64 in Hampton Roads; expansion of Metrorail service to Tyson's Corner; completion of environmental impact studies associated with the Eastern and Western Bypasses in the Virginia suburbs of Washington, D.C.; completion of location studies and reservation of rights-of-way in connection with a Potomac River bridge between the American Legion Bridge (Interstate Route 495) and the U.S. Route 15 bridge; establishment of high-occupancy toll lanes on Interstate Routes 95, 395, and 495 in the Virginia suburbs of Washington, D.C., in the Fredericksburg-Washington corridor; expansion of Interstate Route 66 both within and outside the Capital Beltway; and completion of environmental impact studies associated with improvements to rail service, additional truck lanes, and improvements to choke points and dangerous locations in the Interstate Route 81 corridor. The Fund is to be financed through a one cent increase in the sales and use tax and through establishment of toll roads.
Patron - Potts

F SB 1394

Neighborhood Assistance Act tax credit. Makes several changes to the Neighborhood Assistance Act tax credit including (i) moving the tax credit from Title 63.2 to Title 58.1, (ii) increasing the annual cap for tax credits allowed under the program from $8 million to $12 million, (iii) providing that $3.75 million of the cap increase would be dedicated for education programs and $3 million would be dedicated for donations to a special fund from which grants would be awarded to licensed, private schools for students with disabilities, and (iv) reducing the tax credit percentage for donations made by corporations and individuals from 45% to 40% along with eliminating the restriction placed upon individuals from claiming a tax credit for the donation if a charitable contribution deduction is also taken. The Department of Education would administer the Schools for Students with Disabilities Fund from which grants would be made to licensed, private schools for students with disabilities. The Department would be required to establish an application process for such schools seeking grants from the Fund. The Department would review the application and make a determination of whether to award a grant, based in part on the intended use of grant moneys by the applicant. The Fund would be funded from monetary donations for which the Department would allocate the annual $3 million in tax credits. The Board of Education would be required to establish regulations for the grants program, including regulations for procedures to allocate the $3 million in tax credits in fiscal years in which there is an oversubscription of tax credits.
Patron - Stosch

F SB 1399

Retail sales taxes on motor fuels; Virginia Department of Rail and Public Transportation; Washington Metropolitan Area Transit Authority Funding. The bill transfers the Motor Vehicle Fuels Sales Tax collected in the localities comprised by the Northern Virginia Transportation District to the Transportation Trust Fund rather than for support of the Washington Metropolitan Area Transit Authority (WMATA). The bill makes the Virginia Department of Rail and Public Transportation (VDRPT) responsible for funding Virginia's share of WMATA's expenses.
Patron - O'Brien

F SB 1424

Real property tax; exemption for elderly and disabled. Allows localities to grant higher percentages of tax relief to the elderly based on increasing age, especially for those who are 75 years of age and older.
Patron - Quayle

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