Finance - Subcommittee #2 Subcommittee Agenda

Chair: Anthony, Bonita

Meeting Date & Time: 02/03/2026 04:30 PM Add to Calendar

Location: House North Subcommittee Room - 200

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Additional Resource(s):

Video: Archived

Committee Clerk: 804-698-1947

DLS Contact: Schultz (804) 698-1863; Cronin (804) 698-1832

Property Taxes

Bill(s) Patron Title
HB345 McLaughlin Real property tax; partial exemption for certain commercial and industrial structures.

Summary: A BILL to amend and reenact § 58.1-3221 of the Code of Virginia, relating to real property tax; partial exemption for certain commercial and industrial structures.

Fiscal Impact

Subcommittee recommends continuing to (Voice Vote)

Last actions:

  • 1/19/2026 - Placed on Finance Agenda
  • 1/19/2026 - Fiscal Impact statement From TAX (1/19/2026 10:21 pm)
  • 1/23/2026 - Placed on Finance Agenda
  • 1/30/2026 - Placed on Finance Agenda
  • 2/3/2026 - Subcommittee recommends continuing to (Voice Vote)

Subcommittee #2

Subcommittee recommends continuing to (Voice Vote)

HB557 Reaser Tangible personal property tax; establishes classification for electric landscaping equipment.

Summary: An Act to amend and reenact § 58.1-3506 of the Code of Virginia, relating to tangible personal property tax; electric landscaping equipment.

Fiscal Impact

Subcommittee recommends reporting (7-Y 3-N)

Yeas (7): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Watts

Nays (3): Ware, Walker, Garrett

Not Voting (1): Keys-Gamarra

Last actions:

  • 2/10/2026 - Read third time and passed House (62-Y 35-N 0-A)
  • 3/6/2026 - Enrolled
  • 3/6/2026 - Bill text as passed House and Senate (HB557ER)
  • 3/6/2026 - Fiscal Impact statement From TAX (3/6/2026 11:35 am)
  • 3/6/2026 - Signed by Speaker

Senate Committee Actions:

• 2/27/2026 - Passed by for the day

• 2/27/2026 - Passed by for the day

• 3/2/2026 - Read third time

• 3/2/2026 - Passed Senate (21-Y 19-N 0-A)

• 3/6/2026 - Signed by President

Subcommittee #2

Subcommittee recommends reporting (7-Y 3-N)

HB563 Reid Personal property taxation; establishes classification for major energy consumer equipment upgrades.

Summary: A BILL to amend and reenact § 58.1-3506 of the Code of Virginia, relating to personal property taxation; classifications; major energy consumer equipment upgrades.

Fiscal Impact

Last actions:

  • 2/3/2026 - Assigned HFIN sub: Subcommittee #1
  • 2/9/2026 - House subcommittee offered
  • 2/10/2026 - Placed on Finance Agenda
  • 2/11/2026 - Continued to next session in Finance (Voice Vote)
  • 7/21/2026 - Continued from last session
HB566 McNamara Tangible personal property tax relief; rate of taxation.

Summary: A BILL to amend and reenact § 58.1-3524 of the Code of Virginia, relating to tangible personal property tax relief; rate of taxation.

Fiscal Impact

Last actions:

  • 2/3/2026 - Assigned HFIN sub: Subcommittee #2
  • 2/8/2026 - Fiscal Impact statement From TAX (2/8/2026 3:41 pm)
  • 2/9/2026 - Placed on Finance Agenda
  • 2/10/2026 - House subcommittee offered
  • 2/10/2026 - Subcommittee recommends laying on the table (7-Y 3-N)

Subcommittee #2

Subcommittee recommends laying on the table (7-Y 3-N)

HB1358 Runion Real property tax; special assessment on basis of use, notice requirements.

Summary: An Act to amend and reenact § 55.1-703 of the Code of Virginia and to amend the Code of Virginia by adding sections numbered 55.1-1008.1 and 58.1-3234.1, relating to real property tax; special assessment for land use; notice requirements; civil penalty.

Fiscal Impact

Subcommittee recommends reporting with substitute (10-Y 0-N)

Yeas (10): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Ware, Walker, Garrett, Watts

Not Voting (1): Keys-Gamarra

Last actions:

  • 2/10/2026 - Read third time and passed House (98-Y 0-N 0-A)
  • 2/18/2026 - Fiscal Impact statement From TAX (2/18/2026 6:29 pm)
  • 3/4/2026 - Enrolled
  • 3/4/2026 - Bill text as passed House and Senate (HB1358ER)
  • 3/4/2026 - Signed by Speaker

Senate Committee Actions:

• 2/26/2026 - Passed by for the day Block Vote (Voice Vote)

• 2/26/2026 - Passed by for the day

• 2/27/2026 - Read third time

• 2/27/2026 - Passed Senate (37-Y 0-N 0-A)

• 3/4/2026 - Signed by President

Related Bills:

SB649 (Obenshain)

Subcommittee #2

Subcommittee recommends reporting with substitute (10-Y 0-N)

Local Administration

Bill(s) Patron Title
HB272 Walker Film industry community zones; local designation.

Summary: A BILL to amend the Code of Virginia by adding in Chapter 38 of Title 58.1 an article numbered 12.2, consisting of a section numbered 58.1-3853.2, relating to local film industry community zones.

Fiscal Impact

Subcommittee recommends laying on the table (7-Y 3-N)

Yeas (7): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Watts

Nays (3): Ware, Walker, Garrett

Not Voting (1): Keys-Gamarra

Last actions:

  • 1/23/2026 - Placed on Finance Agenda
  • 1/30/2026 - Placed on Finance Agenda
  • 2/3/2026 - House subcommittee offered
  • 2/3/2026 - Subcommittee recommends laying on the table (7-Y 3-N)
  • 2/3/2026 - Assigned HFIN sub: Subcommittee #2

Related Bills:

HB598 (Simonds)

Subcommittee #2

Subcommittee recommends laying on the table (7-Y 3-N)

HB915 Lopez Local taxation; tax extension for federal government shutdown.

Summary: An Act to amend and reenact § 58.1-3916 of the Code of Virginia, relating to local taxation; extension for federal government shutdown.

Fiscal Impact

Subcommittee recommends reporting with amendment(s) (10-Y 0-N)

Yeas (10): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Ware, Walker, Garrett, Watts

Not Voting (1): Keys-Gamarra

Last actions:

  • 2/9/2026 - committee amendments agreed to
  • 2/9/2026 - Engrossed by House as amended
  • 2/9/2026 - Printed as engrossed 26102212D-E
  • 2/10/2026 - Read third time and passed House (68-Y 30-N 0-A)
  • 2/17/2026 - Fiscal Impact statement From TAX (2/17/2026 1:49 pm)

Senate Committee Actions:

• 3/3/2026 - Passed by for the day (Voice Vote)

• 3/3/2026 - Passed by for the day

• 3/4/2026 - Read third time

• 3/4/2026 - Read third time

• 3/4/2026 - Passed Senate (39-Y 0-N 0-A)

Subcommittee #2

Subcommittee recommends reporting with amendment(s) (10-Y 0-N)

HB1341 Bulova Fairfax, City of; amending charter, financial powers.

Summary: A BILL to amend and reenact § 2.2, as amended, of Chapter 319 of the Acts of Assembly of 1966, which provided a charter for the City of Fairfax, relating to financial powers.

Subcommittee recommends reporting (10-Y 0-N)

Yeas (10): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Ware, Walker, Garrett, Watts

Not Voting (1): Keys-Gamarra

Last actions:

  • 2/3/2026 - Placed on Finance Agenda
  • 2/4/2026 - Reported from Finance (22-Y 0-N)
  • 2/6/2026 - Read first time
  • 2/9/2026 - Read second time and engrossed
  • 2/10/2026 - Read third time and passed House (98-Y 0-N 0-A)

Senate Committee Actions:

• 2/11/2026 - Constitutional reading dispensed (on 1st reading)

• 2/11/2026 - Referred to Committee on Local Government

• 2/23/2026 - Placed on Local Government docket for Feb 23, 2026

Subcommittee #2

Subcommittee recommends reporting (10-Y 0-N)

Recordation Tax

Bill(s) Patron Title
HB167 Askew Tax exemptions; Confederacy organizations.

Summary: An Act to amend and reenact §§ 58.1-811, as it is currently effective and as it may become effective, and 58.1-3607 of the Code of Virginia and to repeal §§ 58.1-3650.31 and 58.1-3650.716 of the Code of Virginia, relating to tax exemptions; Confederacy organizations.

Fiscal Impact

Subcommittee recommends reporting (7-Y 3-N)

Yeas (7): Anthony, Bennett-Parker, Cole, N.T., Carroll, Dougherty, Franklin, M.A., Watts

Nays (3): Ware, Walker, Garrett

Not Voting (1): Keys-Gamarra

Last actions:

  • 2/23/2026 - Enrolled
  • 2/23/2026 - Bill text as passed House and Senate (HB167ER)
  • 2/23/2026 - Signed by Speaker
  • 2/24/2026 - Fiscal Impact statement From TAX (2/24/2026 7:36 am)
  • 3/10/2026 - Enrolled Bill communicated to Governor on March 10, 2026

Senate Committee Actions:

• 2/18/2026 - Constitutional reading dispensed Block Vote (on 2nd reading) (38-Y 0-N 0-A)

• 2/18/2026 - Passed by for the day

• 2/19/2026 - Read third time

• 2/19/2026 - Passed Senate (21-Y 17-N 0-A)

• 2/23/2026 - Signed by President

Subcommittee #2

Subcommittee recommends reporting (7-Y 3-N)