Bill > HB2544

This bill codifies several existing tax and fee provisions currently in effect through the appropriation act. Specifically, the bill makes five key changes: (1) increases the annual vehicle registration fee by $2, with the additional funds dedicated to emergency medical services, including supporting volunteer rescue squads and local emergency medical training programs; (2) clarifies the amount of sales tax revenue that can be pledged to public facility projects; (3) creates a sales and use tax exemption for tangible personal property purchased by federally funded research and development centers sponsored by the U.S. Department of Energy; (4) adds a new $20 recordation fee, with 50% of the revenue going to the general fund and 50% going to the Virginia Natural Resources Commitment Fund for agricultural best management practices; and (5) clarifies that aviation fuel is not subject to certain taxes. The bill essentially transforms temporary provisions that were previously part of the appropriation act into permanent additions to the Virginia Code, ensuring these tax and fee provisions continue to be in effect. These changes are intended to provide clarity, support specific public services and programs, and offer targeted tax exemptions for certain types of research and development activities.

Budget and Finance

https://lis.virginia.gov/bill-details/20251/HB2544