summary
Introduced
01/23/2026
01/23/2026
In Committee
01/23/2026
01/23/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Virginia aircraft sales and use tax; exception for dealers. Provides that the tax levied and imposed upon the retail sale of every aircraft sold in the Commonwealth and upon the use in the Commonwealth of any aircraft required to be licensed by the Department of Aviation under the Virginia Aircraft Sales and Use Tax Act shall not apply to such sale or use by a dealer, defined under law as any person owning five or more aircraft during the calendar year who the Tax Commissioner finds is in the regular business of selling aircraft. The bill contains technical amendments.
AI Summary
This bill amends Virginia's Retail Sales and Use Tax Act to create an exception for aircraft dealers, meaning those who regularly sell aircraft and own at least five aircraft during a calendar year, as determined by the Tax Commissioner. Specifically, the tax levied on the retail sale or use of aircraft in the Commonwealth will not apply to sales or uses by these qualified dealers when the aircraft is purchased for resale. This change aims to streamline the process for businesses involved in the regular sale of aircraft.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Left in Finance (on 02/18/2026)
Official Document
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/HB1474 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1474/text/HB1474HC1 |
| Fiscal Note/Analysis - Fiscal Impact statement From TAX (2/8/2026 6:49 pm) | https://lis.blob.core.windows.net/files/1133861.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1474/text/HB1474 |
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