Bill > SB572

This bill exempts tangible personal property, meaning physical items that can be touched, from retail sales and use tax when it is reasonably necessary for a contractor to use or consume it for public improvements. This applies to contracts with the Commonwealth (meaning the state government), any political subdivision of the Commonwealth (like counties, cities, or towns), or the United States government, for projects that improve real property owned by these governmental entities or property that will become owned by them upon completion. The bill also clarifies that planning district commissions are considered "political subdivisions" for the purpose of certain tax exemptions.

Budget and Finance

https://lis.virginia.gov/bill-details/20261/SB572