Bill > HB734

This bill mandates the Chairs of the House Committee on Finance and the Senate Committee on Finance and Appropriations to establish a work group to investigate the practicality of creating an independent tax tribunal within the Commonwealth, which would be a formal body for resolving disputes related to tax assessments. This work group, composed of legislators, tax officials, legal professionals, Certified Public Accountants (CPAs), and judges, will examine various aspects, including reviewing a model act from the American Bar Association, assessing the potential impact and costs of such a tribunal, determining appeal processes, and considering the qualifications and appointment of judges, as well as whether CPAs should be allowed to represent taxpayers. The work group is required to finish its meetings by November 1, 2027, and submit a report of its findings and recommendations to relevant legislative committees and the Governor by January 1, 2028.

https://lis.virginia.gov/bill-details/20261/HB734