New Taxes/Fees

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HB 1726 Transportation funding in the Hampton Roads region.

Introduced by: Alex Q. Askew | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Transportation funding in the Hampton Roads region. Raises additional revenues for the Hampton Roads Transportation Fund by levying a regional grantors tax and a regional transient occupancy tax, and a tax on transportation network providers of transportation for compensation originating or terminating in a locality in Planning District 23. The bill also the existing regional gas tax to 3.1 percent per gallon of gasoline or diesel fuel and indexes the tax rate annually beginning July 1, 2021. The bill establishes a tax on Transportation Network Providers, with allocation of the revenues to transit across the Commonwealth. The bill provides that the new revenues generated shall be used operate a regional system of inter-jurisdictional

By |2020-01-19T09:05:07-05:00January 17th, 2020|New Taxes/Fees, Transportation|Comments Off on HB 1726 Transportation funding in the Hampton Roads region.

HB 1708 Municipal taxation of electronic gaming machines.

Introduced by: Roslyn C. Tyler | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Municipal taxation of electronic gaming machines. Authorizes any city or town that has general taxing authority under the Uniform Charter Powers Act to impose a tax at a rate not to exceed 10 percent of the amount paid to play an electronic gaming machine, as defined in the bill.

By |2020-01-17T18:28:01-05:00January 17th, 2020|Local Gov't, New Taxes/Fees, Uncategorized|Comments Off on HB 1708 Municipal taxation of electronic gaming machines.

HB 1687 Violence Intervention and Prevention Fund and Grant Program; firearm and ammunition tax.

Introduced by: Sam Rasoul | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Violence Intervention and Prevention Fund and Grant Program; firearm and ammunition tax. Establishes the Violence Intervention and Prevention Fund (the Fund), to be administered by the Department of Criminal Justice Services (the Department), to distribute grants to localities and organizations for the purpose of improving public health and safety by supporting effective violence reduction initiatives in communities that are disproportionately impacted

By |2020-01-19T10:57:28-05:00January 17th, 2020|2nd Amendment, New Taxes/Fees|Comments Off on HB 1687 Violence Intervention and Prevention Fund and Grant Program; firearm and ammunition tax.

HB 1673 Plastic bag tax; use of revenues

. Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Plastic bag tax; use of revenues. Allows localities to impose a five-cent ($0.05) per bag tax on plastic bags provided to customers by retailers in grocery stores, convenience stores, or drugstores in the Commonwealth. The bill also (i) requires every retailer to provide recycling receptacles at its place of business for such disposable plastic bags and (ii) allows every retailer that collects the tax to retain one cent ($0.01) of every five cents ($0.05) collected. The tax is to be administered in the same manner as the retail sales and use tax, and all revenues from the tax shall be deposited in equal

By |2020-01-17T12:28:07-05:00January 17th, 2020|New Taxes/Fees|Comments Off on HB 1673 Plastic bag tax; use of revenues

SB 972 Vehicle registration fees; Public Safety Trust Fund.

Introduced by: John S. Edwards | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Vehicle registration fees; Public Safety Trust Fund. Imposes an additional vehicle registration fee to be deposited into the Public Safety Trust Fund, established by the bill. The additional registration fee would be $1.25 per year beginning July 1, 2020, and would be increased over a period of 10 years to $12.50 per year. The revenues in the Public Safety Trust Fund would be used to address staffing, retention, and pay suppression issues at the Department of State Police.

By |2020-01-16T19:24:29-05:00January 15th, 2020|New Taxes/Fees, Tier #4|Comments Off on SB 972 Vehicle registration fees; Public Safety Trust Fund.

HB 1327 Property taxes; generating equipment of electric suppliers utilizing wind turbines.

Introduced by: Terry L. Austin | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Property taxes; generating equipment of electric suppliers utilizing wind turbines. Allows localities to impose property taxes on generating equipment of electric suppliers utilizing wind turbines at a rate that exceeds the locality's real estate tax rate by up to $0.20 per $100 of assessed value. Under current law, the tax may exceed the real estate rate but cannot exceed the general personal property tax rate in the locality.

By |2020-01-16T19:38:40-05:00January 12th, 2020|Energy (Cap and Trade), Local Gov't, New Taxes/Fees, Tier #4|Comments Off on HB 1327 Property taxes; generating equipment of electric suppliers utilizing wind turbines.

HB 1295 Tax on fossil fuel investments by electric utilities.

Introduced by: Dan I. Helmer | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Tax on fossil fuel investments by electric utilities. Imposes a tax on investor-owned electric utilities and electric cooperatives based on the amount that the utility invests in a year on fossil fuel infrastructure. The rate of the tax starts at 2.5 percent of the amount of a utility's fossil fuel investments in 2021 and increases in annual increments thereafter until reaching 100 percent in 2040 and thereafter. The measure directs that the revenue collected from the tax shall be deposited into the Clean Energy Development Fund and used to pay administrative costs of the Department of Mines, Minerals and Energy; reduce the electric utility bills of customers that opt to purchase electricity from renewable energy sources; invest in renewable electric energy generation sources in low-income communities; establish and fund block grants to enable community solar facilities and energy storage installation;

By |2020-01-16T06:28:33-05:00January 12th, 2020|Energy (Cap and Trade), New Taxes/Fees, Tier #1 OPPOSE|Comments Off on HB 1295 Tax on fossil fuel investments by electric utilities.

SB 921 Local cigarette tax; authorize all counties to impose without rate limit.

SB 921 Local cigarette tax; authorize all counties to impose without rate limit. Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Local cigarette tax; authorize all counties to impose without rate limit. Permits any county to impose a cigarette tax. Under current law, only the Counties of Arlington and Fairfax have such authority. The bill provides that there shall be no limitation on the cigarette tax rate imposed by counties. Under current law, cities and towns may impose the tax without limitation on the rate, but the Counties of Arlington and Fairfax may impose the tax at a rate not to exceed the amount levied under state law ($0.30 per pack).

By |2020-01-19T09:23:17-05:00January 11th, 2020|New Taxes/Fees|Comments Off on SB 921 Local cigarette tax; authorize all counties to impose without rate limit.

SB 852 Taxes on tobacco products; penalties.

Introduced by: Adam P. Ebbin | Jennifer B. Boysko | all patrons ... notes | add to my profiles SUMMARY AS INTRODUCED: Taxes on tobacco products; penalties. Provides that tobacco products, defined in the bill, would be subject to tax at rates of $1.80 per pack of cigarettes or 39 percent of the wholesale price for all other tobacco products. Current law imposes taxes of $0.30 per pack of cigarettes, 10 percent of the wholesale price of certain tobacco products, and various weight-based rates that apply to moist snuff and loose leaf tobacco. The bill broadens the definition of "tobacco product" to include electronic smoking devices, which are not taxed under current law. The bill authorizes all localities to tax all tobacco products with no restriction on the tax rate. Under current law, cities may tax only cigarettes, and the Counties of Arlington and Fairfax may tax cigarettes at a rate no higher than the state rate.

By |2020-01-19T13:35:51-05:00January 11th, 2020|New Taxes/Fees, Tier #1 OPPOSE|Comments Off on SB 852 Taxes on tobacco products; penalties.