# Virginia HB960: Personal property taxes; valuation, effective clause.

Virginia HB960, Personal property taxes; valuation, effective clause., is a 2027 Regular Session House bill sponsored by Vivian E. Watts (Democratic); status passed house, last action 2026-07-21 (Continued from last session) (as of 2026-10-13).

- Canonical: https://policyrisk.com/state-bill/VA-HB960-2027
- As of: 2026-10-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB960
- State: Virginia
- Session: 2027 Regular Session
- Title: Personal property taxes; valuation, effective clause.
- Status: passed house
- Chamber: House
- Introduced: 2026-01-13
- Last action: 2026-07-21, Continued from last session
- Sponsor: Vivian E. Watts (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Vivian E. Watts (Democratic), House

## Actions (17)

- 2026-07-21: Continued from last session (Senate)
- 2026-03-03: Continued to 2027 in Finance and Appropriations (15-Y 0-N) (Senate)
- 2026-02-17: Fiscal Impact statement From TAX (2/17/2026 4:03 pm) (House)
- 2026-02-04: Referred to Committee on Finance and Appropriations (Senate)
- 2026-02-04: Constitutional reading dispensed (on 1st reading) (Senate)
- 2026-02-03: Read third time and passed House Block Vote (98-Y 0-N 0-A) (House)
- 2026-02-02: Engrossed by House as amended (House)
- 2026-02-02: committee amendment agreed to (House)
- 2026-02-02: Read second time (House)
- 2026-01-30: Read first time (House)
- 2026-01-29: House committee offered (House)
- 2026-01-28: Reported from Finance with amendment(s) (21-Y 0-N) (House)
- 2026-01-28: House subcommittee offered (House)
- 2026-01-27: Subcommittee recommends reporting with amendment(s) (10-Y 0-N) (House)
- 2026-01-21: Fiscal Impact statement From TAX (1/21/2026 8:29 pm) (House)
- 2026-01-13: Referred to Committee on Finance (House)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26104842D (House)

## Bill text

- Engrossed, 2026-02-02: [HTML](https://lis.blob.core.windows.net/files/1231294.HTML), [PDF](https://lis.blob.core.windows.net/files/1231293.PDF)
- Amendment, 2026-01-29: [HTML](https://lis.virginia.gov/bill-details/20271/HB960)
- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1230390.HTML), [PDF](https://lis.blob.core.windows.net/files/1230389.PDF)

## Related bills

- SB844: Licensed clinical psychologists; prescriptive authority, report. (in committee)
- HB1535: Individuals with developmental or intellectual disabilities; admissibility of statements. (introduced)
- HB1534: School service providers; deletion of student and family personal information. (introduced)
- SB843: Data centers; state permitting, local approval, moratorium, sunset. (in committee)
- SB842: High school student athletes; eligibility, enrollment. (in committee)
- SB840: Corrections, Director of the Department of; placement of inmates, Red Onion State Prison. (in committee)

## Sources
- [Engrossed (HTML)](https://lis.blob.core.windows.net/files/1231294.HTML)
- [Engrossed (PDF)](https://lis.blob.core.windows.net/files/1231293.PDF)
- [Amendment (HTML)](https://lis.virginia.gov/bill-details/20271/HB960)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1230390.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1230389.PDF)

## Related
- [SB844: Licensed clinical psychologists; prescriptive authority, report.](https://policyrisk.com/state-bill/VA-SB844-2027)
- [HB1535: Individuals with developmental or intellectual disabilities; admissibility of s…](https://policyrisk.com/state-bill/VA-HB1535-2027)
- [HB1534: School service providers; deletion of student and family personal information.](https://policyrisk.com/state-bill/VA-HB1534-2027)
- [SB843: Data centers; state permitting, local approval, moratorium, sunset.](https://policyrisk.com/state-bill/VA-SB843-2027)
- [SB842: High school student athletes; eligibility, enrollment.](https://policyrisk.com/state-bill/VA-SB842-2027)
- [SB840: Corrections, Director of the Department of; placement of inmates, Red Onion Sta…](https://policyrisk.com/state-bill/VA-SB840-2027)
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- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB960-2027 (as of 2026-10-13).