# Virginia SB126: Personal property; tax relief for qualifying vehicles, reimbursement and appropriation.

Virginia SB126, Personal property; tax relief for qualifying vehicles, reimbursement and appropriation., is a 2025 Regular Session Senate bill sponsored by Christie New Craig (Republican); status failed, last action 2024-11-19 (Left in Finance and Appropriations) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/VA-SB126-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB126
- State: Virginia
- Session: 2025 Regular Session
- Title: Personal property; tax relief for qualifying vehicles, reimbursement and appropriation.
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-05
- Last action: 2024-11-19, Left in Finance and Appropriations
- Sponsor: Christie New Craig (Republican)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 1 (15 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Personal property tax relief; qualifying vehicles; reimbursement and appropriation. Provides for a portion of the general fund surplus at the close of the immediately preceding fiscal year to be appropriated for increased car tax relief. If more than $250 million in general fund surplus remains after all mandatory assignments under current law, then the total amount the Commonwealth shall pay in reimbursements to localities for providing required tangible personal property tax relief on qualifying vehicles for the immediately following tax year, beginning in tax year 2025, shall be $950 million plus up to 25 percent of the remaining surplus. In such case, the surplus amount would be held in reserve for appropriation for such tax relief and not further assigned by the Comptroller. If less than $250 million in general fund surplus remains after such mandatory assignments, the total amount of reimbursements from the Commonwealth to localities would remain at $950 million, the fixed amount under current law, and the remaining surplus would be assigned by the Comptroller for nonrecurring expenditures. Also beginning in tax year 2025, the bill increases from $20,000 to $30,000 the base vehicle value for which a county, city, or town shall establish its tangible personal property tax rate for each qualifying vehicle and reimbursements from the Commonwealth therefor.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Christie New Craig (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2024-02-06 | Senate | Continued to 2025 in Finance and Appropriations | pass | 15 | 0 |   |

## Actions (5)

- 2024-11-19: Left in Finance and Appropriations (Senate)
- 2024-02-06: Continued to 2025 in Finance and Appropriations (15-Y 0-N) (Senate)
- 2024-01-14: Impact statement from TAX (SB126) (Senate)
- 2024-01-05: Referred to Committee on Finance and Appropriations (Senate)
- 2024-01-05: Prefiled and ordered printed; offered 01/10/24 24102228D (Senate)

## Bill text

- Introduced, 2024-01-08: [HTML](https://lis.virginia.gov/bill-details/20251/SB126)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.virginia.gov/bill-details/20251/SB126)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB126-2025 (as of 2026-10-16).