Study; JLARC; potential effects of revising the distribution of 599 funding to distressed localities with high crime and poverty rates; report. Directs the Joint Legislative Audit and Review Commission to study the potential effects of revising the distribution of 599 funding to distressed localities with high crime and poverty rates.
Recognition of the Wolf Creek Cherokee Tribe of Virginia. Extends state recognition to the Wolf Creek Cherokee Tribe of Virginia within the Commonwealth.
Study; Department of Taxation; impact of repealing the individual income tax; report. Requests the Department of Taxation, in cooperation with the Secretary of Finance, to study the impact of repealing the individual income tax. In conducting its study, the Department shall consider and assess potential reforms to the Commonwealth's tax structure which would be necessary to eliminate individual income tax liability in the Commonwealth. The Department shall complete its meetings by November 30, 2026, and submit a report of its findings to the Governor and the General Assembly for publication as a House or Senate Document no later than the first day of the 2027 Regular Session of the General Assembly.
Time zone; permanent daylight saving time in the Commonwealth. Provides that the Commonwealth shall observe Eastern Daylight Time (Eastern Standard Time, advanced one hour) year-round upon the enactment by Congress of a law allowing states to observe Eastern Daylight Time year-round.
Individual income tax; brackets, deductions, and exemptions; inflation indexing. Adjusts annually the amount of the income tax brackets, standard deduction, personal and other individual exemptions and deductions, and filing threshold to the annual change in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U). The bill directs the Department of Taxation to annually publish on its website the individual income tax inflation adjustments. This bill contains technical amendments.
Bank franchise tax; retail sales and use tax; tangible personal property tax; data centers. Provides that on and after July 1, 2026, if any tenant of a data center is a bank, then the retail sales and use tax exemption for data center computer equipment shall not apply to the data center operator and any tenants of the data center. The bill also adds computer equipment and peripherals of all banks used in a data center to personal property that is taxable for banks subject to the bank franchise tax in lieu of most other taxes.
Motorized mobility vehicles; civil penalties. Establishes a new class of vehicle, the motorized mobility vehicle, as defined in the bill, and establishes requirements for the sale, operation, registration, and titling of such vehicles. The bill requires the Department of Motor Vehicles to establish regulations governing motorized mobility vehicle safety training courses and to implement an educational outreach program to inform the public about the requirements of the bill. The bill, other than the educational outreach program, has a delayed effective date of July 1, 2027.
A BILL to amend the Code of Virginia by adding in Article 1 of Chapter 10 of Title 32.1 a section numbered 32.1-331.07 and by adding in Title 32.1 a chapter numbered 10.1, consisting of sections numbered 32.1-331.18 through 32.1-331.21, relating to Office of Medicaid Financial Oversight established; report.
Microchip and semiconductor manufacturing and supply chain tax credits; Virginia Economic Development Partnership Authority evaluation; report. Creates a series of individual and corporate income tax credits for companies engaged in the microchip and semiconductor manufacturing and supply chain business that between January 1, 2026, and December 31, 2036, (i) invest at least $400 million, (ii) create at least 100 new jobs, (iii) pay an average prevailing wage salary, and (iv) submit a plan for use of and committing $50 million of community investments. The bill creates three refundable tax credits in taxable years 2026 through 2030 in amounts equal to (a) five percent of capital investment expenditures incurred during the year, (b) six percent of child care services expenditures incurred during the year, and (c) 7.5 percent of gross wages paid for each new job created during the year. The bill also requires the Virginia Economic Development Partnership Authority, in collaboration with the Joint Legislative Audit and Review Commission and the Department of Taxation, to evaluate the benefits and impacts of new economic development incentives for companies engaging in the microchip, semiconductor, and related equipment and material supplies sector. A report on such evaluation is due by November 30, 2026.
Emergency custody orders; transportation to treatment center or to residence of the person subject to emergency custody order. Provides that transportation provided pursuant to an emergency custody order shall include, upon completion of emergency medical evaluation or treatment, transportation to an approved treatment center or to the residence of the person subject to the emergency custody order.
State agencies; amendment of regulations pertaining to the maximum temperature at which certain rooms may be kept. Directs the Department of Social Services, the Department of Juvenile Justice, the Department of Behavioral Health and Developmental Services, the Department of Health, and the Department of Corrections to amend their regulations to provide that the maximum temperature at which certain rooms in facilities regulated by such agencies may be kept shall be no more than 77 degrees Fahrenheit.
Motor vehicle insurance; use of certain factors to establish rates prohibited. Prohibits an insurer from using any classification system, rating plan, rules or rates, or modifications based in whole or in part on consumer credit information or scores to establish rates for any motor vehicle insurance policy issued or renewed in the Commonwealth. The bill also prohibits an insurer from refusing to provide or refusing to continue to provide an individual with motor vehicle insurance coverage, limiting the amount or extent of motor vehicle insurance coverage, or charging an individual a different rate for the same motor vehicle insurance coverage solely because of an individual's consumer credit information or score.
