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VA SB110
VA SB110Sales tax; exemption for food purchased for human consumption and essential personal hygiene.
summary
Introduced
01/03/2024
01/03/2024
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
04/11/2024
04/11/2024
Introduced Session
2024 Regular Session
Bill Summary
Sales tax; exemption for food purchased for human consumption and essential personal hygiene products. Provides an exemption from local sales and use tax beginning July 1, 2024, for food purchased for human consumption and essential personal hygiene products. The bill also provides an allocation of state revenues to fund the distribution to localities for funding that would have been distributed to them absent the exemption created by the bill. Under current law, such products are exempt from state sales and use tax but are subject to the standard local rate of one percent.
AI Summary
This bill provides an exemption from local sales and use tax beginning July 1, 2024, for food purchased for human consumption and essential personal hygiene products. The bill also provides an allocation of state revenues to fund the distribution to localities for funding that would have been distributed to them absent the exemption created by the bill. Under current law, such products are exempt from state sales and use tax but are subject to the standard local rate of one percent.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Passed by indefinitely in Finance and Appropriations (10-Y 5-N) (on 01/30/2024)
Bill Topics
Government Operations
- ‐ Intergovernmental Relations
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB110 | 01/04/2024 |
| Fiscal Note/Analysis - Senate: Prefiled and ordered printed; off | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB110F161+PDF | 01/14/2024 |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB110+hil | 01/04/2024 |
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