VirginiaHB9602026 Regular SessionHouse

Personal property taxes; valuation, effective clause.

Sponsored By: Vivian E. Watts (Democratic)

In Committee

Summary

Personal property taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Vivian E. Watts

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 144 • No: 0

Senate vote 3/3/2026

Continued to 2027 in Finance and Appropriations

Yes: 15 • No: 0

House vote 2/3/2026

Read third time and passed House Block Vote

Yes: 98 • No: 0

House vote 1/28/2026

Reported from Finance with amendment(s)

Yes: 21 • No: 0

House vote 1/27/2026

Subcommittee recommends reporting with amendment(s)

Yes: 10 • No: 0

Actions Timeline

  1. Continued to 2027 in Finance and Appropriations (15-Y 0-N)

    3/3/2026Senate
  2. Fiscal Impact statement From TAX (2/17/2026 4:03 pm)

    2/17/2026House
  3. Referred to Committee on Finance and Appropriations

    2/4/2026Senate
  4. Constitutional reading dispensed (on 1st reading)

    2/4/2026Senate
  5. Read third time and passed House Block Vote (98-Y 0-N 0-A)

    2/3/2026House
  6. Engrossed by House as amended

    2/2/2026House
  7. committee amendment agreed to

    2/2/2026House
  8. Read second time

    2/2/2026House
  9. Read first time

    1/30/2026House
  10. House committee offered

    1/29/2026House
  11. Reported from Finance with amendment(s) (21-Y 0-N)

    1/28/2026House
  12. House subcommittee offered

    1/28/2026House
  13. Subcommittee recommends reporting with amendment(s) (10-Y 0-N)

    1/27/2026House
  14. Fiscal Impact statement From TAX (1/21/2026 8:29 pm)

    1/21/2026House
  15. Referred to Committee on Finance

    1/13/2026House
  16. Prefiled and ordered printed; Offered 01-14-2026 26104842D

    1/13/2026House

Bill Text

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