VirginiaPersonal property taxes; valuation, effective clause.
What it does
Personal property taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost.
More detail
The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 3Continued to next session in Finance and Appropriations (15-Y 0-N)Latest
- Vote recorded Continued to next session in Finance and Appropriations. Result: pass.Upper
- Feb 17Fiscal Impact statement From TAX (2/17/2026 4:03 pm)
- Feb 4Referred to Committee on Finance and AppropriationsMinor
- Feb 4Constitutional reading dispensed (on 1st reading)
- Feb 3Read third time and passed House (98-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 2Engrossed by House as amended
- Feb 2committee amendment agreed toMajor
- Feb 2Read second timeMinor
- Jan 30Read first timeMinor
- Jan 29House committee offered
- Jan 28Reported from Finance with amendment(s) (21-Y 0-N)Minor
- Vote recorded Reported from Finance with amendment(s). Result: pass.Lower
- Jan 28House subcommittee offered
- Jan 27Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
- Vote recorded Subcommittee recommends reporting with amendment(s). Result: pass.Lower
- Jan 21Fiscal Impact statement From TAX (1/21/2026 8:29 pm)
- Jan 13Referred to Committee on FinanceMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26104842DIntroduced
- Mar 3Continued to next session in Finance and Appropriations (15-Y 0-N)Latest