General Assembly>Division of Legislative Services>Publications>Session Summaries>2008>Taxation

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Taxation

Passed

P HB139

Income tax; biodiesel and green diesel fuels producers income tax credit. Allows an income tax credit to biodiesel and green diesel fuels producers in Virginia who produce up to two million gallons of biodiesel or green diesel fuels a year. The amount of the credit is $0.01 per gallon but no more than $5,000 annually for taxable years beginning on and after January 1, 2008. Includes HB's 647 and 1539.
Patron - Peace

P HB163

Real estate tax exemption or deferral; elderly and handicapped. Permits localities to grant a real estate tax exemption or deferral to elderly and handicapped persons based upon projected income and financial worth for the current year under certain circumstances. Under current law, the previous year's income and financial worth is used.
Patron - Sherwood

P HB220

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

P HB238

Income tax exemption for launch services and payload. Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity. Includes HB's 170, 351, 874 and 1151. This bill is also identical to SB 286.
Patron - Cosgrove

P HB239

Classification of real property; energy-efficient buildings. Expands energy-efficient buildings that may be classified as a separate class of real property for tax purposes to include buildings that meet performance guidelines or standards under the Green Globes Building Rating System of the Green Building Initiative, Leadership in Energy and Environmental Design (LEED) Green Building Rating System, EarthCraft House program, or Energy Star program.
Patron - Cosgrove

P HB314

Department of Taxation; qualifications of assessors and appraisers. Provides for the Department of Taxation to establish a certification program for all supervisors, assessors, and appraisers contracted to perform assessments or general reassessments of real property. The certification requirements include (i) minimum education, training, and experience and combinations thereof, and (ii) standards of conduct and practice. Under the bill, supervisors, assessors and appraisers must be certified by the Department prior to being able to contract to perform assessment and reassessment services.
Patron - Morgan

P HB361

Real of sales and use tax on motor vehicle repairs in certain localities. Repeals the sales and use tax on charges for motor vehicle repair services in the localities embraced by the Hampton Roads Transportation Authority and the Northern Virginia Transportation Authority.
Patron - Purkey

P HB487

Communications sales and use tax distribution. Allows Bath County to receive a set percentage of the communication sales and use tax revenues apportioned and distributed monthly to localities, beginning July 1, 2008. This bill is identical to SB 262.
Patron - Shuler

P HB579

Repeal of sales and use tax on motor vehicle repairs in certain localities. Repeals the sales and use tax on charges for motor vehicle repair services in the localities embraced by the Hampton Roads Transportation Authority and the Northern Virginia Transportation Authority.
Patron - Cosgrove

P HB625

Personal property tax; classification. Extends the sunset date from June 30, 2009, to June 30, 2019, for a separate classification for personal property tax rate purposes, for personal property used in manufacturing, testing, or operating satellites within a Multicounty Transportation Improvement District.
Patron - May

P HB662

Confidentiality of taxpayer information. Includes as a confidential tax document any document that is required to be filed with the Department of Conservation and Recreation under the land preservation tax credit program.
Patron - Lewis

P HB678

Income tax; filing of tax returns. Requires large income tax return preparers to file returns electronically unless the return includes attachments or schedules that cannot be accepted through electronic means. Currently, large income tax preparers have the option of filing returns electronically or using 2D barcoded paper returns. This bill would not change a provision in current law that would allow the Tax Commissioner to waive the requirement to file electronically.
Patron - Hull

P HB680

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).

The bill also provides that in all cases the value of a donated motor vehicle for purposes of computing the neighborhood assistance tax credit shall be such value as determined under federal income tax laws. This would replace, in part, a current regulation that provides that the value for merchandise donated to a neighborhood organization that is not used by the organization but is sold, auctioned, or raffled by the organization, shall be the lesser of the value determined for federal tax purposes or the actual proceeds received by the neighborhood organization (22VAC40-41-40). The bill includes language that has been in the budget bill the last two years that (i) reduces the tax credit from 45 percent to 40 percent of the value of a donation, and (ii) removes the prohibition from taking the credit if a federal income tax deduction is also taken for the donation.
Patron - Hull

P HB698

Real estate tax exemption for the elderly and handicapped. Adds the cities of Newport News and Hampton, and the counties of Hanover and Powhatan to the list of localities that may provide real estate tax exemptions to elderly and handicapped persons whose income and net worth do not exceed limitations that are higher than the income and net worth limitations that apply in general to counties, cities, and towns. The bill also increases the income limitation from $62,000 to $67,000 for the cities of Charlottesville, Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, and the counties of Chesterfield, Goochland, Hanover, Henrico, and Powhatan. The bill incorporates HB 1428.
Patron - BaCote

P HB711

Sales and use tax exemption; audio and video works. Changes the sunset from July 1, 2009, to July 1, 2019, for the sales and use tax exemptions for audio and video works.
Patron - Janis

P HB787

Transient occupancy tax; Arlington County. Extends the sunset date from January 1, 2009, to January 1, 2012, for Arlington County's additional transient occupancy tax of one-fourth of one percent. Under current law, revenues from the tax are required to be used by the county for promoting tourism and business travel in the county.
Patron - Brink

P HB827

State Lottery Department; powers of the Director and the Board. Authorizes the Director of the State Lottery Department to establish temporary bonus or incentive programs for payments to licensed sales agents that he determines will be cost effective and support increased sales of lottery products. The bill further provides that the Lottery Board not be required to approve the temporary bonus or incentive programs.
Patron - Gear

P HB849

Income tax; land preservation tax credits. Specifies when a taxpayer is deemed to give consent regarding certain tax information when a tax credit or other tax attribute has been transferred. The legislation also addresses the statute of limitations, waiver of same, notice requirements, and participation in administrative and judicial remedies regarding any tax attributable to pass-through entity items.
Patron - Ware, R.L.

P HB869

Delinquent local taxes; lists by Treasurer. Adds uncollected balances of personal property taxes on certain vehicles to the list of delinquent taxes maintained by the Treasurer that must be furnished to the local governing body on request, and for which the Treasurer shall be given credit for the amount of such taxes.
Patron - Johnson

P HB912

Income tax; conformity with IRC. Advances the date as of which Virginia's system of taxation conforms with the Internal Revenue Code (IRC) from December 31, 2006, to December 31, 2007. Identical to SB 582.
Patron - Purkey

P HB1000

Income tax refund checkoff for Community Foundations established by the Council on Foundations and the Virginia Foundation for Community College Education. Adds to the list of recipients of refund checkoffs community foundations established by the Council on Foundations and the Virginia Foundation for Community College Education.
Patron - Bell

P HB1123

Property tax; public service corporations, and electric suppliers. Provides that the additional real property tax authorized to be imposed on commercial property by the localities in the Hampton Roads Transportation Authority shall not be imposed on property of a public service corporation or electric supplier unless a final certificate of occupancy for a commercial or industrial use has been issued and remains in effect.
Patron - Jones, S.C.

P HB1229

Sales and use tax; energy and water conservation products tax holiday. Adds water-efficient products to the products sales tax holiday held during a four-day period in the month of October. The bill incorporates HB 795.
Patron - Vanderhye

P HB1261

Individual income tax withholding. Repeals provisions that have never been implemented allowing additional withholding exemptions.
Patron - Hall

P HB1309

Income tax; riparian waterway tax credit. Adds an "individual's grantor trust" to the definition of "individual" and changes the term "taxpayer" to individual. This will allow an individual's grantor trust to benefit from the tax credit when the property is held in the trust's name.
Patron - Morgan

P HB1388

Retail sales and use tax; exemption for certain computer equipment. Creates an exemption from the retail sales and use tax for computer equipment used in data centers that (i) are located in a Virginia locality having an unemployment rate above 4.9 percent for the calendar quarter ending November 2007 and (ii) that meet certain investment and job creation criteria. The investment in the computer equipment would be made in accordance with a memorandum of understanding entered into or amended between January 1, 2008, and December 31, 2008.
Patron - Wright

P HB1398

Tire recycling fee. Extends, until July 1, 2011, the $1.00 recycling fee imposed on each new tire sold; thereafter, the fee is reduced to 50 cents. Under current law the fee is to be reduced to 50 cents on July 1, 2008. This bill is identical to SB 665
Patron - Oder

P HB1453

Transient occupancy tax. Allows all 34 counties listed in the statute to impose up to a five percent transient occupancy tax with any excess over two percent to be designated and spent solely for tourism and travel, marketing of tourism, or initiatives that, as determined after consulting the local tourism industry organizations, attract travelers to the locality. Under current law, 15 of the counties were not required to consult with local tourism industry organizations.
Patron - Nutter

P HB1479

Real estate tax relief for the elderly and handicapped. Includes the income of nonrelatives living in the dwelling of the owner seeking tax relief, except for bona fide tenants and bona fide paid caregivers, in computing the maximum income limits to be eligible for the tax relief. Under current law, only the income of relatives living in the dwelling are included with that of the owner's in determining eligibility.
Patron - Lewis

P HB1503

Real property tax exemptions for the elderly and handicapped. Raises the maximum income eligibility restriction from $62,000 to $67,000 in the Cities of Charlottesville, Chesapeake, Norfolk, Portsmouth, Richmond, Suffolk, and Virginia Beach and the Counties of Chesterfield, Goochland, and Henrico. The bill incorporates HB's 270 and 1274.
Patron - Loupassi

P HB1578

Refund of certain fees and taxes imposed by the Northern Virginia Transportation Authority. Declares null and void, and refunds the fees and taxes imposed by the Northern Virginia Transportation Authority that were ruled as unconstitutional by the Supreme Court of Virginia.
Patron - May

P SB5

Sales and use tax exemption; printed materials. Extends the sunset date from July 1, 2008, to July 1, 2012, for the exemption from sales and use tax for the purchase of printing by advertising businesses when the printed material is distributed outside the Commonwealth.
Patron - Stosch

P SB174

Classification of real property; energy-efficient buildings. Expands the definition of energy-efficient buildings that localities may treat as a separate class of property for tax rate purposes.
Patron - Blevins

P SB192

P SB195

Tangible personal property; separate classification for low-speed vehicles. Creates a separate classification for local taxation purposes for low-speed vehicles, which are defined as four-wheeled electrically powered vehicles with a maximum speed greater than 20 miles per hour but not greater than 25 miles per hour that comply with federal safety standards.
Patron - Herring

P SB203

Real estate tax relief; elderly and permanently and totally disabled. Increases from $62,000 to $67,000 the income limit in certain cities and counties for eligibility for elderly and permanently and totally disabled real estate tax relief programs.
Patron - Quayle

P SB240

Martin Luther King, Jr. Living History and Public Policy Center. Clarifies that voluntary contributions from state tax refunds shall be paid to the Board of Trustees of the Martin Luther King, Jr. Living History and Public Policy Center, a tax-exempt 501(c)(3) organization under IRS rules.
Patron - Locke

P SB262

Communications sales and use tax distribution. Allows Bath County to receive a set percentage of the communication sales and use tax revenues apportioned and distributed monthly to localities, beginning July 1, 2008. Identical to HB 487.
Patron - Deeds

P SB283

Elderly and permanently and totally disabled real estate tax relief. Adds the Cities of Newport News and Hampton, and the Counties of Hanover and Powhatan to the list of localities that may provide real estate tax exemptions to elderly and handicapped persons whose income and net worth do not exceed limitations that are higher than the income and net worth limitations that apply in general to counties, cities, and towns. The bill also increases the income limitation from $62,000 to $67,000 for the Cities of Charlottesville, Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, and the Counties of Chesterfield, Goochland, Hanover, Henrico, and Powhatan. The bill incorporates HB 1428.
Patron - Miller, J.C.

P SB286

Income tax exemption for launch services and payload. Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity. This bill incorporates SB 401 and is identical to HB 238.
Patron - Wampler

P SB392

Sales and use tax exemption; school textbooks. Extends the current sales and use tax exemption on sales of school textbooks to students attending nonprofit colleges and other institutions of learning to students attending for-profit institutions of learning. The bill has a delayed enactment clause of July 1, 2010.
Patron - Martin

P SB462

P SB561

Voluntary contributions of tax refunds; new organizations. Adds community foundations to the list of organizations that may receive contributions of taxpayer refunds. The foundations will be added to the bottom of the list of other organizations waiting to appear on the income tax return. A "community foundation" is any institution that meets the membership requirements for a community foundation established by the Council on Foundations.
Patron - Obenshain

P SB582

Income tax; conformity with IRC. Advances the date as of which Virginia conforms with the Internal Revenue Code (IRC) from December 31, 2006, to December 31, 2007. Identical to HB 912.
Patron - Colgan

P SB591

Local tourism zones. Increases from 10 to 20 the number of years in which tax incentives may be provided in a local tourism zone.
Patron - Norment

P SB665

Tire recycling fee. Extends, until July 1, 2011, the $1.00 recycling fee imposed on each new tire sold; thereafter, the fee is reduced to 50 cents. Identical to HB 1398.
Patron - Whipple

P SB668

P SB700

Neighborhood Assistance Act tax credits. Changes the Neighborhood Assistance Act tax credit program by allowing individuals to receive tax credits for donations of marketable securities.
Patron - Miller, J.C.

P SB770

Transient occupancy tax for the Historic Triangle area. Makes changes to the Williamsburg Area Destination Marketing Committee, which is responsible for administering the local transient occupancy tax for the Historic Triangle area. The bill also would provide for the Greater Williamsburg Chamber and Tourism Alliance to serve as the fiscal agent for the Committee.
Patron - Norment

Failed

F HB41

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, 7.7 percent for gasoline and gasohol, and 6.8 percent 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 HB56

Sales and use tax exemption; certain energy-efficient products. Expands the time frame for the sales and use tax exemption for certain energy-efficient products to include a four-day period in April, in addition to the current four-day period in October. The bill has a sunset date of July 1, 2012.
Patron - Lingamfelter

F HB57

Sales and use tax exemption; computers and computer-related equipment. Adds computers and computer-related equipment with a sales price of $1,500 or less to the school supplies and clothing that are exempt from sales and use tax during a three-day period in August. The bill incorporates HB's 758, 442, and 263.
Patron - Lingamfelter

F HB74

Real estate tax rates. Requires each locality to lower its real estate tax rate for the forthcoming tax year to produce no more than 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 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. The bill has a delayed effective date of January 1, 2009.
Patron - Purkey

F HB102

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. The bill applies for tax years beginning on or after January 1, 2009.
Patron - Albo

F HB125

Nanotechnology subordinated debt and equity investment tax credit. Provides a tax credit, beginning January 1, 2009, in an amount equal to 50% of the taxpayer's cash investments in the form of equity or subordinated debt in certain qualified nanotechnology businesses. A qualified business must be domiciled in the Commonwealth, be engaged in business primarily or do substantially all of its production in the Commonwealth, and primarily engaged in the research, development, or commercialization of nanotechnology with applications in (i) energy, conservation, and the environment, (ii) microelectronics, or (iii) lifespan biology and medicine. The credit shall not exceed the lesser of the tax imposed on the taxpayer for the taxable year in which the credit is sought or $50,000. Any unused credit may be carried over for 15 years. Total credits available for any calendar year shall be $15 million. If such investments are not held for at least three years, the taxpayer must forfeit used and unused credits, plus penalty, to the Department of Taxation. Includes HB's 1092 and 1194.
Patron - Purkey

F HB162

Income tax; Certified EarthCraft House tax credit. Provides a one-time income tax credit in the amount of $750 for taxable years beginning on January 1, 2008, and ending December 31, 2012, to taxpayers who purchase and reside in a newly constructed home that meets the EarthCraft House requirements as an environmentally friendly home and has been awarded an EarthCraft House Certificate.
Patron - Toscano

F HB170

Corporate tax subtraction and sales tax exemption for space flight entities. Provides a corporate income tax subtraction for any gain recognized as a result of (i) passenger ticket sales on a suborbital spaceflight and (ii) resupply services contracts entered with NASA. It also extends the current sales and use tax exemption to include the sale of spaceflight services or activities to spaceflight participants and it extends the sunset date for the exemption to July 1, 2015. HB 170 is rolled into HB 238.
Patron - Kilgore

F HB183

Real property tax exemption for elderly and handicapped persons. Requires that persons seeking exemptions under current law demonstrate that they have a right to be legally present in the United States to be eligible.
Patron - Marshall, R.G.

F HB184

Real property tax relief for certain rehabilitated, renovated, or replacement real property. Requires that a person seeking partial tax exemptions or credits on real property taxes for certain rehabilitated, renovated, or replacement property demonstrate that he has the right to be legally present in the United States.
Patron - Marshall, R.G.

F HB194

Sales and use tax; absorption and payment by seller. Permits any seller not to collect sales and use tax from the purchaser, and to absorb such tax himself. A dealer electing to absorb such taxes shall be liable for payment of such taxes to the Tax Commissioner in the same manner as he is for tax collected from a purchaser.
Patron - Orrock

F HB197

State recordation tax; refinances. Provides that in any case in which a debt is refinanced, the state recordation tax shall only apply to the principal amount of the new debt which is in addition to the original debt. Under current law, only in cases in which a debt is refinanced with the same lender is there an exemption from the tax on the principal amount of the original debt. The bill also would provide refunds to certain persons who refinanced a debt between January 1, 2007, and June 30, 2008, and paid a state recordation tax on the total principal amount of the new debt. The refund would equal that portion of the state recordation tax that relates to the principal amount of the original debt.
Patron - Marshall, R.G.

F HB213

Income tax; TRICARE physicians tax credit. Provides a one-time credit in the amount of $2,500 to physicians who enter into a TRICARE contract to provide health care services to patients covered by the TRICARE military health care system, for taxable years beginning on and after January 1, 2008. An additional annual credit of $1,000 is allowed to those physicians who contract to provide health care services to TRICARE patients and do so for at least 100 TRICARE patients each year.
Patron - Cole

F HB219

Sales and use tax; Energy Star products tax holiday. Adds a second four-day period when certain Energy Star products are exempt from the sales and use tax. Currently, the Energy Star products tax holiday is during the month of October and this legislation places the second one in April.
Patron - Kilgore

F HB263

Sales and use tax; school supplies sales tax holiday. Adds computers and related equipment costing no more than $1,500 to the list of property exempt from tax during the school supplies sales and use tax holiday, beginning in 2008. This bill was incorporated into HB 57.
Patron - Ware, O.

F HB270

Real property tax exemptions for the elderly and handicapped. Raises the maximum income eligibility restriction from $62,000 to $65,000 in the Cities of Charlottesville, Chesapeake, Norfolk, Portsmouth, Richmond, Suffolk, and Virginia Beach and the Counties of Chesterfield, Goochland, and Henrico. This bill was incorporated into HB 1503.
Patron - Miller, P.J.

F HB275

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. All motor fuels taxes will be indexed every two years beginning July 1, 2009, 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 HB292

State Lottery; privatization of the administration of the lottery. Requires the State Lottery Board, on or before December 1, 2008, to complete an implementation study for the privatization of the administration of the state lottery. The bill also requires that by December 15, 2008, the State Lottery Board report to the Governor and the chairmen of the House Committee on Appropriations and the Senate Committee on Finance the results of its implementation study and makes its recommendations to achieve the privatization of the administration of the state lottery. The bill requires that the administration of the lottery be privatized on or before July 1, 2010. The bill contains an emergency clause.
Patron - Poisson

F HB316

Neighborhood Assistance Act. Permits a neighborhood organization to make available to donors any remaining balance of its fiscal year 2006-2007 allocation of tax credits, if the organization was ineligible to participate under the Neighborhood Assistance Act in fiscal year 2007-2008 solely because the organization submitted its proposal for tax credits after the due date. The neighborhood organization would be allowed to make the tax credits available for donations made between July 1, 2007, and December 31, 2007, to a program conducted by the organization, which program otherwise would have been eligible for an allocation of tax credits had the organization's proposal been submitted by the due date.
Patron - Morgan

F HB333

Installation of automatic sprinkler systems; tax credit for initial installation. Requires that all buildings that (i) are more than 75 feet high or more than six stories high, (ii) are being used to house individuals or to provide guest rooms for occupancy, and (iii) are not equipped with an automatic sprinkler system would be equipped with an automatic sprinkler system by December 31, 2017. The Board of Housing and Community Development would be required to promulgate regulations establishing standards for the automatic sprinkler system. The bill also would make available to the owners of such building an income tax credit equal to 45% of the total amount paid by the owner for the initial installation of the sprinkler system. The tax credit could be carried forward for 10 years.
Patron - McClellan

F HB351

F HB414

Income tax; deduction for naturalization fees. Provides a deduction when calculating taxable income for fees and costs paid to a governmental entity for the purpose of becoming a naturalized U.S. citizen, for taxable years beginning on and after January 1, 2008.
Patron - Griffith

F HB420

Income tax; qualifying educational expenses tax credit. Provides a tax credit for certain qualifying educational expenses paid for public and private elementary and secondary schools and home schooling, for taxable years beginning on and after January 1, 2008. The credit amount allowed to be claimed is the lesser of the amount actually paid or (i) $2,000 for home schooling, and (ii) $3,000 for public and private elementary and secondary schools.
Patron - Marshall, R.G.

F HB442

Sales and use tax exemption; computers and computer-related equipment. Adds computers and computer-related equipment with a sales price of $1,500 or less to the school supplies and clothing that are exempt from sales and use tax during a three-day period in August. This bill was incorporated into HB 57.
Patron - Rust

F HB450

Vehicle repair services; Northern Virginia and Hampton Roads. Prohibits any entity that is a party to an insurance policy or agreement, an extended service agreement, a vehicle maintenance agreement, or other written indemnification agreement under which it has agreed or agrees to pay for vehicle repair services for a vehicle that is registered in a county or city embraced by the Hampton Roads Transportation Authority or the Northern Virginia Transportation Authority to require or recommend that the vehicle owner utilize a repair facility in a city or county that is not embraced by the Hampton Roads Transportation Authority or the Northern Virginia Transportation Authority, unless it provides the vehicle owner the option of utilizing a repair facility in a city or county that is embraced within the area of the Hampton Roads Transportation Authority or the Northern Virginia Transportation Authority.
Patron - Rust

F HB472

Local piggyback income tax and personal property tax. Allows localities to impose a local income tax at a rate of either 0.50 percent or one percent 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, 2009.
Patron - Watts

F HB490

Transportation funding; motor fuels tax and abusive driver fees. Repeals certain abusive driver fees and increases the motor fuels tax rate by $0.015 per gallon from $0.175 to $0.19. The bill further provides for a refund of any abusive driver fees paid, with interest.
Patron - Amundson

F HB602

Real estate assessments; burden of proof on appeal. Provides that when any assessment of real property is 20% greater than the previous assessment, in any appeal of the assessment to a board of equalization or circuit court, the burden of proof is on the commissioner of revenue or other local assessing official to show that the assessment was accurately computed according to generally accepted appraisal practices.
Patron - O'Bannon

F HB612

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, 2008.
Patron - Poisson

F HB620

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 HB647

Renewable and alternative energy production tax credit. Provides a tax credit for taxable years beginning on or after January 1, 2009, to the owners of a commercial facility in Virginia in the amount of $0.001 per kWh, or its equivalent, of renewable or alternative energy produced in a taxable year. This bill was incorporated into HB 139.
Patron - Hogan

F HB681

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the fair market value of real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill is contingent on a constitutional amendment authorizing the exemption. This bill is identical to SB 10.
Patron - Miller, P.J.

F HB683

Reports by owners of income-producing property. Requires the owners of certain income-producing property to submit the current year's federal tax return related to the property or a certified income and expense statement for the current year to each locality's duly authorized real estate assessor, board of assessors, or department of real estate assessments.
Patron - Miller, P.J.

F HB686

Sales and use tax exemption; compact fluorescent light bulbs. Exempts from sales and use tax Energy Star-rated fluorescent light bulbs. The bill sunsets on July 1, 2013.
Patron - Englin

F HB702

Secrecy of tax information; local commissioners of the revenue and treasurers. Allows local commissioners of the revenue and treasurers to provide access to their databases to their local police and fire departments for investigative purposes when there is no other means of acquiring such information.
Patron - BaCote

F HB727

Natural resources funding. Allocates annually to natural resources funding a percentage of the revenue generated by a one percent sales and use tax. The allocations would be as follows: (i) 5 percent of the revenue generated by a one percent sales and use tax for the 2008-2009 fiscal year; (ii) 7.5 percent for the 2009-2010 fiscal year; (iii) 10 percent for the 2010-2011 fiscal year; and (iv) 12.5 percent for the month of July 2011 and for each month thereafter but ending for the month of June 2018. The allocation for any fiscal year would not exceed $175 million. Of the sales tax allocation, one-third would be used to provide matching grants to the local purchase of development rights programs and two-thirds would be distributed to the Agricultural Best Management Practices Cost-Share Program for agricultural best management practices. For the moneys allocated to agricultural best management practices, five percent would be distributed to soil and water conservation districts to provide technical assistance for the implementation of agricultural best management practices. The remaining moneys would be used for matching grants for agricultural best management practices with 60 percent of the moneys used for lands exclusively in the Chesapeake Bay watershed and 40 percent of the moneys used for all other lands in the Commonwealth. For the moneys allocated to provide matching grants to local purchase of development rights programs, 60 percent of the moneys would be used for grants for local purchase of the development rights programs of counties and cities wholly or partly within the Chesapeake Bay watershed and 40 percent of the moneys would be used for grants for local purchase of the development rights programs of all other counties and cities. In general, for each $1 received, the local purchase of development rights program would be required to provide a $1 match.
Patron - Scott, E.T.

F HB732

Income tax; energy-efficient equipment tax credit. Grants an income tax credit for taxable years beginning on or after January 1, 2008, 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 HB743

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, 2008.
Patron - Caputo

F HB744

Income tax; energy-efficient equipment deduction. Provides an income tax deduction for taxable years beginning on or after January 1, 2008, 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 HB758

Sales and use tax; school supplies sales tax holiday. Adds computers and related equipment to the list of property exempt from tax during the school supplies sales and use tax holiday, beginning in 2008. This bill was incorporated into HB 57.
Patron - Poindexter

F HB795

Sales and use tax; Energy Star sales tax holiday. Adds WaterSense qualified products to the items that qualify for the exemption provided during the Energy Star sales tax holiday. This bill was incorporated into HB 1229.
Patron - Englin

F HB868

F HB874

F HB898

Local sales and use tax; additional one-half percent authorized. Permits any locality to impose an additional one-half percent sales and use tax provided that all revenue generated from the additional tax is used solely for public educational purposes.
Patron - Scott, J.M.

F HB911

Classification of certain items as intangible personal property. 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 HB927

Tax rates. Requires each locality to fix tax rates for an ensuing year at least 30 days prior to approval of the budget for the ensuing year, with separate public notices and separate public hearings. The bill also requires each locality to lower its real estate tax rate for the forthcoming tax year to produce no more than 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 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. The bill has a delayed effective date of January 1, 2009.
Patron - Nixon

F HB975

Corporate income tax; Real Estate Investment Trusts. Includes certain dividend income in calculating the Virginia taxable income of "Captive REITs" to be certain their shareholders/owners are taxed in the same manner as any other corporation's shareholders/owners.
Patron - Shannon

F HB985

Income tax; teacher expenses tax credit. Provides an income tax credit of up to $250 for costs incurred by teachers for materials they use teaching children in grades kindergarten through 12 or to fulfill the education mission of the school division, for taxable years beginning on or after January 1, 2008.
Patron - Nutter

F HB986

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, 2008, 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 - Nutter

F HB1031

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 percent 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 $1 million annually for taxable years 2009 and 2010. This bill is supported by the joint subcommittee studying telework opportunities in the Commonwealth (HJ 144, 2006).
Patron - Frederick

F HB1045

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the fair market value of up to one acre of real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The maximum amount of the exemption must be the same for all such properties within the locality, and the maximum dollar amount of the exemption shall not exceed 20 percent of the median price for such properties within the locality. The bill is contingent on passage of a constitutional amendment authorizing the exemption.
Patron - Watts

F HB1050

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 and not reimbursed for such expenses. 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 HB1080

Income tax credits for the care, protection, and adoption of certain animals. Allows a nonrefundable credit for taxable years beginning on or after January 1, 2008, to (i) veterinarians of $50 for any medical procedure performed at no cost on animals from public pounds and 501(c)(3) shelters, and (ii) individuals of an amount equal to the lesser of $50 or the fees and charges paid to a public pound or 501(c)(3) shelter for adopting any animal held in a public pound or shelter.
Patron - Suit

F HB1092

Virginia Biotechnology Investment Tax Credit. Creates a research and development tax credit, not to exceed 50 percent of the tax liability due and not to exceed $500,000, for biotechnology companies in Virginia and permits the credit to be carried over for up to 10 years, for taxable years beginning on and after January 1, 2008. This tax credit, not to exceed 15 percent of the qualified investment, can be claimed for each of the five tax years beginning on and after January 1, 2008. In no event will more than $5 million in either of the credits be allowed annually. This bill was incorporated into HB 125.
Patron - Sickles

F HB1111

Income tax; historic rehabilitation tax credit. Changes the definition of "material rehabilitation" for the cost of rehabilitation expenses for owner-occupied buildings from 25 percent of the assessed value of the building for local real estate tax purposes to a flat $10,000 for taxable years beginning on and after January 1, 2008.
Patron - Cole

F HB1118

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the assessed value or the assessment for real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill is contingent on a constitutional amendment authorizing the exemption. This bill is identical to SB 496.
Patron - Miller, P.J.

F HB1120

Sales and use tax; compensation to dealers. Modifies the current formula that compensates dealers with a percentage of the sales and use tax they collect by including the local sales and use tax collected in the Northern Virginia Transportation District and the Hampton Roads Transportation District on motor vehicle repair services. This bill was incorporated into HB 579.
Patron - Purkey

F HB1145

Sales and use tax exemption; certain works of art. Exempts from sales and use tax works of art created in a locality and sold for less than $500 in an art district designated by and located within the locality.
Patron - Fralin

F HB1151

F HB1155

Income tax; Habitat for Humanity tax credit. Allows an income tax credit to business firms that make contributions to Habitat for Humanity of Virginia in the form of financial assistance, labor, materials, or technical advice. The credit amount is equal to 50 percent of the value of the contribution but no more than $5,000 annually for taxable years beginning on and after January 1, 2008.
Patron - Phillips

F HB1161

Income tax exemption; education outreach programs. Grants an income tax exemption for the amount of expenses incurred as part of an education outreach program in any elementary or secondary school in the Commonwealth. To qualify for the deduction the expenses shall be directly attributable to the development or operation of an education outreach program in a science-, math-, or technology-related field that involves a live presentation by the resident, or employee of the resident, claiming the deduction. The maximum amount of the collective deduction claimed by residents or business entities in the Commonwealth is $500,000.
Patron - Saxman

F HB1164

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 percent 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 percent of the contribution with no limit on the dollar amount. The public school foundations are required to disburse annually 90 percent 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 percent of the 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, 2010. No tax credit shall be approved until teacher salaries meet the national average and until the Commonwealth attains the standards of quality for public education.
Patron - Saxman

F HB1191

Income tax; tax credit for long-term care insurance premiums paid by small business employers. Provides a tax credit for taxable years beginning on or after January 1, 2008, to employers who pay the annual long-term care insurance premium for each employee. The amount of the credit is the 20 percent of the amount paid per employee. The credits are available to employers with 50 or fewer full-time employees and are refundable.
Patron - Moran

F HB1194

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 percent of such investments, effective for taxable years beginning on or after January 1, 2009. 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. This bill was incorporated into HB 125.
Patron - Moran

F HB1246

Sales and use tax; taxability of certain transactions by government contractors. Codifies a provision in the current appropriations act that requires the true object test to apply to each separate work order, statement of work, and task order, rather than the true object of the underlying contract between a government entity and a contractor.
Patron - Hugo

F HB1247

Income tax; indexing rates, filing thresholds, personal exemptions, and standard deductions. Indexes to the rate of inflation the amount in the income tax brackets for tax rates, filing thresholds, personal exemptions, and standard deductions, for taxable years beginning on and after January 1, 2009.
Patron - Hugo

F HB1266

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 HB1267

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 HB1274

Real property tax exemptions for the elderly and handicapped. Raises the maximum income eligibility restriction from $62,000 to $67,000 in the Cities of Charlottesville, Chesapeake, Norfolk, Portsmouth, Richmond, Suffolk, and Virginia Beach and the Counties of Chesterfield, Goochland, and Henrico. This bill was incorporated into HB 1503.
Patron - Spruill

F HB1283

Land preservation tax credit; elimination of verification of conservation value. Eliminates Department of Conservation and Recreation verification of conservation value of land donations that will result in $1 million or more in land preservation tax credits. Currently, as a condition of the issuance of a land preservation tax credit, the Department must verify the conservation value of donations that will result in $1 million or more in tax credits. The bill also would establish a review and administrative appeal process in which proposed conveyances of donations would be reviewed by the Department of Taxation for purposes of determining whether the proposed donation would qualify for a land preservation tax credit. The review process would eliminate the current requirement that the taxpayer execute or record the land donation prior to applying for a land preservation tax credit.
Patron - Athey

F HB1347

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 HB1365

Income tax credit; animal adoption fee 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, 2008. The credit amount shall equal the adoption fee or $100, whichever is less, and may only be taken by the taxpayer for the taxable year in which the animal is adopted.
Patron - Cline

F HB1411

Income tax; age deduction income indexing. Requires the $50,000 and $75,000 adjusted federal adjusted gross income amounts related to the age deduction to be indexed according to the CPI-U, for taxable years beginning on and after January 1, 2009.
Patron - Ingram

F HB1428

Real property tax; exemptions for elderly and handicapped. Adds Powhatan County to the list of localities that may use higher income limits ($62,000 rather than $50,000) and net worth limits ($350,000 rather than $200,000) in determining eligibility for real property tax exemptions for the elderly and handicapped. This bill was incorporated into HB 698.
Patron - Ware, R.L.

F HB1433

Sales and use tax exemption; telecommunications companies. Provides a sales and use tax exemption for telecommunication companies.
Patron - Hugo

F HB1434

Sales and use tax exemption; energy-efficient light bulbs. Exempts from sales and use tax Energy Star-rated light bulbs.
Patron - Hugo

F HB1450

County food and beverages tax. Allows any county to impose a levy on food and beverages provided there is a public hearing and the local governing body passes an ordinance that dedicates the revenues raised by the tax to public school construction and renovation in the county.
Patron - Bowling

F HB1539

Income tax; biodiesel fuels producers income tax credit. Allows an income tax credit to biodiesel fuels producers in Virginia who produce at least one million gallons of biodiesel fuels a year. The amount of the credit is $0.01 per gallon annually for taxable years beginning on January 1, 2008, and ending December 31, 2015. Any unused credit may be transferred for use by another taxpayer. This bill was incorporated into HB 139.
Patron - Moran

F HB1553

Motor fuel sales tax collection in certain transportation districts; compromise and settlement. Prohibits the Tax Commissioner from compromising and settling motor fuels taxes imposed in certain transportation districts without the consent of the transportation commission of the applicable transportation district.
Patron - Lingamfelter

F HB1560

Real estate taxes; deferral. Requires localities to permit real property owners to defer that portion of real estate taxes that exceed 105 percent of the previous year's tax. This bill was incorporated into HB 1009.
Patron - Lingamfelter

F HB1561

Local license tax; exemption for new businesses. Permits any locality to provide an exemption from local license taxes, to any business that has not previously been licensed in the locality, for the first five years that the business operates in the locality.
Patron - Lingamfelter

F SB10

F SB83

Political candidate contribution tax credit. Increases the maximum amount of the annual tax credit for contributions to state and local candidates for office from $25 to $50 for individuals and from $50 to $100 for joint filers.
Patron - Cuccinelli

F SB117

Income tax and sales and use tax; credit and exemption 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. For taxable years beginning on and after January 1, 2008, 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 $10 million cap on the total amount of income tax credits that may be allowed in any tax year. The sales and use tax exemption is phased in beginning January 1, 2009, with 25% of the purchase price being exempt and increasing to 100% by 2011.
Patron - Edwards

F SB168

Individual income tax; volunteer firefighters and emergency medical services personnel tax credit. Provides an income tax credit for individuals who volunteer as firefighters or emergency medical services personnel and are in good standing in an amount ranging from $500 to $3,000 annually, depending on length of service and satisfaction of certain training requirements.
Patron - Stuart

F SB193

F SB194

F SB239

Taxpayer information; access. Allows local officials to provide direct access, including direct computer access, to taxpayer information for use by fire, rescue, or police personnel for official actions in the line of duty. In order to provide direct access, the local official would be required to enter into an agreement with the director of the local emergency services department. The agreement would provide for the implementation of information systems security measures and other security measures relating to taxpayer information for purposes of ensuring that direct access is limited to use by fire, rescue, or police personnel for official actions.
Patron - Locke

F SB280

Sales and use tax exemption; energy-efficient light bulbs. Exempts from sales and use tax Energy Star-rated light bulbs.
Patron - Miller, J.C.

F SB289

Local real estate tax deferral programs. Authorizes localities to allow homeowners at least 65 years old to defer 100 percent of the real estate tax imposed upon the property owned by the taxpayer, for any property that is covered under the locality's deferral program.
Patron - Barker

F SB293

Individual income tax; subtraction for military pay of members of the National Guard or Reserves. Provides an individual income tax subtraction for the military pay and allowances of members of the National Guard or Reserves on extended active duty for periods in excess of 90 days in areas outside the United States that are not combat zones or qualified hazardous duty areas.
Patron - Puller

F SB317

Income tax; Certified EarthCraft House tax credit. Provides a one-time income tax credit in the amount of $500 for taxable years beginning on and after January 1, 2008, to taxpayers who purchase and reside in a newly constructed home that meets the EarthCraft House requirements as an environmentally friendly home and has been awarded an EarthCraft House Certificate. The credit will expire on July 1, 2010.
Patron - Wagner

F SB334

Property tax bills; notice. Requires localities to include with all property tax bills, comparative information regarding tax rates, assessed values, and tax amounts owed for the current year and the previous year, as well as information indicating how the revenue derived from the amount of the taxpayer's bill is apportioned among the various services and governmental functions provided by the locality, including debt service.
Patron - Cuccinelli

F SB385

Business, professional and occupational license tax requirements; illegal workers. Requires applicants seeking a local business license to certify that they do not employ persons who cannot provide legal documents proving they are legally eligible to work in the United States.
Patron - Martin

F SB401

Income tax exemption for launch services and payload. Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity. This bill is incorporated into SB 286.
Patron - Puckett

F SB424

Real property tax relief for certain new or rehabilitated, renovated, or replacement real property. Authorizes local governing bodies to require that a person seeking partial tax exemptions or credits on real property taxes for certain new or rehabilitated, renovated, or replacement property demonstrate that he has the right to be legally present in the United States.
Patron - Barker

F SB425

Real property tax exemptions and deferrals; individuals. Authorizes counties, cities, and towns to require that persons seeking real estate tax exemptions and deferrals under current law demonstrate that they have the legal right to be present in the United States in order to be eligible.
Patron - Barker

F SB444

Funding for transportation and transportation-related alternatives. Repeals certain abusive driver fees and increases the state motor fuels tax rate by $0.02 per gallon with (i) one-half of the revenues deposited into the Biofuels Production Fund to fund grants for biofuels production and (ii) one-half of the revenues deposited into the Highway Maintenance and Operating Fund. This bill was incorporated into SB 1.
Patron - Petersen

F SB459

Sales and use tax exemptions; nonprofit entities. Adds organizations exempt from federal income taxes under § 501 (c) (19) to those nonprofit entities that may be eligible for a sales and use tax exemption on their purchases of tangible personal property. In general, § 501 (c) (19) organizations include posts or organizations of past or present members of the armed forces of the United States.
Patron - Ruff

F SB468

Sales tax exemption, 4-H Clubs. Exempts 4-H Clubs from having to collect sales tax on sales made by the Club in fundraising.
Patron - Hanger

F SB469

Transportation funding. Repeals certain abusive driver fees, increases the state motor fuels tax rate by $0.02 per gallon, and repeals the sales tax on charges for labor or services in automobile repairs. The bill further provides for a refund of any abusive driver fees paid, with interest. This bill was incorporated into SB 1.
Patron - Hanger

F SB496

Real property tax exemptions and deferrals for certain residential or farm property. Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of parcels of real property not to exceed 20 percent of the value of the parcel provided that the parcel is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill provides that any such tax relief for residential or farm property shall not curtail or reduce local tax relief programs for the elderly or permanently and totally disabled. The bill is contingent on a constitutional amendment authorizing the exemption. This bill is identical to HB 1118.
Patron - Northam

F SB502

Individual income tax; subtraction for National Guard/Reserve personnel pay. Allows a subtraction when calculating Virginia taxable income for National Guard and Reserve personnel military pay when they serve, outside the United States, on extended active duty for periods of 90 days or longer.
Patron - Northam

F SB686

Duty to file lists of tenants, renters, or members with commissioner of revenue. Adds the owners and operators of storage facilities to the list of entities that are required to provide the name and address of renters or tenants to the local commissioner of revenue upon his request. The bill also would require property owners' associations, condominium unit owners' associations, and proprietary lessees' associations to provide a list of owners of the properties administered by such associations to the extent that such list is maintained to the commissioner upon his request.
Patron - McDougle

F SB713

Motor fuels taxes. Increases the state motor fuels tax rate by $0.05 per gallon in increments of $0.01 per gallon in each of the next five fiscal years with the revenues deposited to the Highway Maintenance and Operating Fund.
Patron - Saslaw

F SB729

Northern Virginia Transportation Authority; revenues of the Authority. Authorizes the Authority to impose a 0.50 percent retail sales and use tax in the counties and cities embraced by the Authority with the revenues therefrom dedicated to the Authority. Any such tax imposed by the Authority shall not apply to "food purchased for human consumption. The bill provides that if the Authority imposes the retail sales and use tax, then, beginning at such time that the tax is first imposed, the Authority shall no longer be authorized to impose the (i) additional, one-time vehicle registration fee of one percent of the value of the vehicle for vehicles registered in a county or city embraced by the Authority; (ii) five percent sales tax on labor or services charged in the repair of motor vehicles occurring within a county or city embraced by the Authority; or (iii) additional annual $10 vehicle inspection fee for vehicles inspected in a county or city embraced by the Authority.
Patron - Saslaw

F SB774

Notice of change in property value assessments. Provides that, in Campbell County, notice of change in assessment other than one in which the change arises solely from the construction or addition of new improvements to the real estate need only include where the date, time, and other information regarding the public hearing may be obtained if the tax rate that will apply to the newly assessed value has not been established for the county.
Patron - Hurt

F SB798

Revenues for the Hampton Roads Transportation Authority. Establishes certain state taxes and fees with the revenues therefrom to be used by the Hampton Roads Transportation Authority for transportation purposes.
Patron - Wagner

F SB800

State lottery revenues. Requires that net lottery revenues be transferred on a biweekly basis to the Lottery Proceeds Fund for payment to counties, cities, and towns, and the school divisions thereof, by check issued by the State Treasurer. Moneys in the Lottery Proceeds Fund would not be commingled with any other fund or asset.
Patron - Obenshain

Carried Over

C HB58

The Keep Our Promise Act of 2008. Reinstates the Personal Property Tax Relief Act of 1998 at 100% reimbursement for qualifying vehicles effective January 1, 2009.
Patron - Frederick

C HB59

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, 2009, 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

C HB76

Recordation taxes; basis. Changes the basis on which recordation taxes are calculated on the transfer of real estate to the stated consideration for the real estate. Under current law the basis is the consideration for the real estate or the value of the real estate, whichever is greater.
Patron - Toscano

C HB77

Recordation tax exemption. Expands the recordation tax exemption for certain nonprofit providers of affordable housing by removing the restriction under current law that it is only applicable in Amherst County and the City of Lynchburg.
Patron - Toscano

C HB124

Machinery and tools taxation. Exempts certified pollution control equipment and facilities, placed in service on or after January 1, 2010, from state and local taxation pursuant to Article X, Section 6 (d) of the Constitution of Virginia. The measure also provides that certain machinery and tools placed in service on or after January 1, 2010, are taxable as intangible personal property, thereby excluding such property from local taxation.
Patron - Purkey

C HB215

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

C HB230

Sales and use tax; public schools. Exempts from sales and use tax tangible personal property purchased by a contractor when such property will be used in the construction or repair of a public elementary or secondary school that is owned by a locality or a local school board.
Patron - Cosgrove

C HB331

Real property assessments; damaged or destroyed buildings. Removes certain blighted property, derelict property, and property on which drug blight exists from the categories of real property that have been damaged or destroyed that must be given a lower assessment before the usual next assessment date.
Patron - McClellan

C HB406

BPOL tax; proof of state licensure for contractors. Requires certain contractors to provide proof of valid state licensure before being issued a local business license.
Patron - Oder

C HB465

Real property tax exemptions for certain elderly and disabled persons; income limits. Provides a local option formula for determing net combined financial worth that allows individuals who depend on investment income rather than pension income to qualify for real estate tax relief.
Patron - Watts

C HB473

Individual income tax; subtraction for National Guard/Reserve personnel pay. Allows a subtraction when calculating Virginia taxable income for National Guard and Reserve personnel military pay when they serve outside the United States on extended active duty for periods of 90 days or longer.
Patron - Watts

C HB699

Real property tax rates; classifications. Permits localities to (i) tax single family dwellings, (ii) multifamily dwellings, and (iii) commercial property at different rates from each other and from all other real property.
Patron - BaCote

C HB794

Sales and use tax; Energy Star sales tax holiday. Removes the "purchased for noncommercial home or personal use" limitation from the Energy Star sales tax holiday beginning in 2008.
Patron - Englin

C HB924

C HB994

Motor fuels tax; exemption for certain alternative fuel. Exempts from the motor fuels tax waste vegetable oil that has been collected and purified by a person solely for use in his own diesel powered vehicle and such vehicle is used for non-business purposes.
Patron - Bell

C HB1009

Property taxes; assessments, bills, and deferral. Requires localities (i) to include the tax rate that will apply to reassessed real property in the notice to taxpayers regarding the reassessment, (ii) to attach to each property tax bill the tax rate that will apply, the assessed value of the property, the total amount of the new tax levy, the total amount of the prior year's tax levy, and the percentage change in the new tax levy from the immediately prior year's tax levy, and (iii) to permit taxpayers to defer a portion of the increase in real property taxes on the primary dwelling owned and occupied by the taxpayer until the property is transferred or until the taxpayer's death. The bill has a delayed effective date of January 1, 2009. The bill incorporates HB 1560.
Patron - Hugo

C HB1049

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

C HB1204

Sales and use tax exemption; custom structural metal fabrication in an economically distressed area. Provides a sales and use tax exemption for tangible personal property purchased by a contractor and used by the contractor in custom structural metal fabrication in an economically distressed area, pursuant to a real property contract to be performed outside of Virginia by the contractor.
Patron - Melvin

C HB1275

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

C HB1284

Sales and use tax exemption; nonprofit schools. Exempts any non-profit school that is accredited by an entity approved by the Department of Education and any school licensed by the Department of Education as a school for students with disabilities from the requirement to submit an audit to the Department of Taxation to obtain a sales and use tax exemption, if the school submits a federal 990 tax form.
Patron - Athey

C HB1326

Sales and use tax exemption; school textbooks. Extends the current sales and use tax exemption on sales of school textbooks to student attending nonprofit colleges and other institutions of learning to students attending for-profit colleges and institutions of learning.
Patron - Peace

C HB1348

Local consumer utility tax; tax rate. Provides that the local consumer utility tax shall not exceed $3 in any month for residential customers. Currently, the local consumer utility tax may be imposed at a rate not to exceed 20 percent, and up to the first $15 charged in each month by the utility for residential customers. This results in a cap of $3 per month for residential customers. The bill would not change the monthly cap but would allow the tax rate to apply to amounts billed in excess of $15 while maintaining the $3 per month cap.
Patron - Barlow

C HB1364

C HB1393

Income, retail sales and use, and motor vehicle sales and use taxes; motion picture production company tax incentives. Provides for and expands a series of tax incentives for motion picture production companies that make films and episodic television series in the Commonwealth. The tax incentives include refundable income tax credits, retail sales and use tax exemptions, and motor vehicle sales tax exemptions.
Patron - Miller, J.H.

C HB1394

C HB1513

Income tax; deduction for donations to health care sharing organizations. Provides an income tax deduction for individuals who make donations to tax-exempt, nonprofit health care sharing organizations that oversee the collection and distributions of funds for medical expenses of their members, for taxable years beginning on and after January 1, 2008.
Patron - Byron

C HB1514

Corporate income tax; apportionment for manufacturers. Allows manufacturers to elect an apportionment formula of multiplying their income by the sales factor or using the formula prescribed for other businesses, whether the manufacturers have a sales factor or not. The provisions of the bill would be effective July 1, 2010.
Patron - Byron

C SB2

Retail sales and use tax on fuels. Extends the retail sales and use tax to fuels sales. The revenue generated by the four percent state retail sales tax on fuels would be deposited into the Transportation Trust Fund. The revenue generated by the one percent local retail sales tax on fuels would be used by the respective county or city solely for transportation purposes.
Patron - Puller

C SB89

C SB147

C SB259

Land preservation tax credit; elimination of verification of conservation value. Eliminates Department of Conservation and Recreation verification of conservation value of land donations resulting in $1 million or more in tax credits if the grantee for the donation is the Virginia Outdoors Foundation. Currently, as a condition of the issuance of a land preservation tax credit, the Department must verify the conservation value of donations that will result in $1 million or more in tax credits.
Patron - Deeds

C SB299

Real property taxes; affordable rental housing. Classifies as affordable rental housing (i) real property operated as affordable rental housing for each of the 12 months of the most recently ended tax year in accordance with the definition of or criteria for affordable rental housing established by the locality, provided that during such year all building code violations have been abated or remedied, or (ii) real property with one or more of such units designated by the locality as committed for affordable rental housing. Under current law, rent restrictions and restrictions on conveyances of affordable rental housing are taken into consideration in determining fair market value.
Patron - Whipple

C SB445

Funding for transportation and transportation-related alternatives. Increases the state motor fuels tax rate by $0.01 per gallon with the revenues deposited into the Biofuels Production Fund to fund grants for biofuels production.
Patron - Petersen

C SB471

Short-term real property rental businesses; taxation. Clarifies that the short-term rental of dwellings to transients for less than 30 consecutive days is subject to state and local retail sales and use taxes and local license and transient occupancy taxes. Short-term rentals are rentals for which advertising has been used or for which the dwelling has been rented on numerous occasions during the calendar year as set forth in the bill.
Patron - Hanger

C SB543

C SB551

C SB641

Land preservation tax credit; conveyance for public parks, recreational areas, or trails. Provides that the land preservation tax credit would equal 60 percent of the fair market value of any land that is conveyed for the purpose of a public park, public recreational facility, or public trail access easement. The board of supervisors of the county or the council of the city in which such land is located would be required to pass a duly adopted resolution that states (i) its approval of the conveyance, and (ii) that the conveyance is in accordance with the comprehensive plan in effect for the county or city.
Patron - Ticer

C SB650

Tax credit for waste motor oil equipment. Repeals the provision that provides a tax credit in an amount equal to 50 percent of the purchase price paid for equipment used exclusively for burning waste motor oil at a business facility.
Patron - Ticer

C SB667

C SB744

Land preservation tax credit. Establishes a process by which properties are to be registered with the Department of Taxation prior to any tax credit being allowed for a donation. The registration process requires a written certification by a licensed reviewer certifying that the property, or interest therein, is in compliance with pre-registration standards established by the Department. The pre-registration standards would include standards for the public benefit derived from the donation and standards for the use of the property by the donee. The Department would be authorized to license qualified applicants to perform the review for certification. The Department would be allowed to levy and collect fees for licensure to cover the direct expenses for the administration of the registration program. The Department would be required to implement a limited appeals process by which prospective credit claimants could seek to register with the Department notwithstanding the lack of a written certification from a licensed reviewer.
Patron - Hanger

C SB779

C SB789

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