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VA HB703

VA HB703
RS & UT; food for human consumption and essential personal hygiene products, delayed effective date.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Regular Session

Bill Summary

Sales and use tax; food purchased for human consumption and essential personal hygiene products. Eliminates the remaining one percent local sales and use tax that is imposed on food purchased for human consumption and essential personal hygiene products. Under current law, no other sales and use tax is applied to such products. The bill requires an equivalent amount of revenue to be distributed to cities and counties on a monthly basis in compensation for the lost tax revenue. The bill has a delayed effective date of January 1, 2027.

AI Summary

This bill eliminates the remaining one percent local sales and use tax on food for human consumption and essential personal hygiene products, meaning these items will no longer be subject to this specific local tax. The bill also mandates that an equivalent amount of revenue lost by cities and counties due to this tax elimination will be distributed to them monthly. This change is set to take effect on January 1, 2027.

Committee Categories

Budget and Finance

Sponsors (32)

Last Action

Continued to next session in Finance (Voice Vote) (on 02/11/2026)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/bill-details/20261/HB703
Fiscal Note/Analysis - Fiscal Impact statement From TAX (1/23/2026 2:04 pm) https://lis.blob.core.windows.net/files/1095648.PDF
BillText https://lis.virginia.gov/bill-details/20261/HB703/text/HB703
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