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HB 960

Virginia House of Delegates bill in Session 2026.

Status: passed_lower. Latest action: March 3, 2026.

Personal property taxes; valuation, effective clause.

Bill ID VA-2026-HB-960
Session 2026
Status passed_lower
Committee Finance; Finance and Appropriations
House of Delegates passed_lower 2026-03-03
Business / Commerce Tax / Budget / Appropriations
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 bill has a delayed effective date of July 1, 2027.

Sponsor
Watts
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-13 Introduced Bill introduced
2026-02-17 Status passed_lower
2026-03-03 Latest Action S Continued to next session in Finance and Appropriations (15-Y 0-N)
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