Finance - Subcommittee #2 Subcommittee Agenda

Chair: Anthony, Bonita

Meeting Date & Time: 01/20/2026 04:30 PM Add to Calendar

Location: House North Subcommittee Room - 200

Testimony/Comments: Sign up to speak or submit comments (opens in a new window)

Additional Resource(s):

Active item: Meeting Adjourned

Video: Archived

Committee Clerk: 804-698-1947 - Vonny Powell, Clerk

DLS Contact: (804) 698 - 1863 - Rebecca Schultz, Attorney

Block 1

Bill(s) Patron Title
HB10 McNamara Real property tax; classification of land and improvements.

Summary: A BILL to amend and reenact § 58.1-3221.1 of the Code of Virginia, relating to real property tax; classification of land and improvements.

Fiscal Impact

Last actions:

  • 1/17/2026 - Fiscal Impact statement From TAX (1/17/2026 11:50 am)
  • 1/19/2026 - Placed on Finance Agenda
  • 1/19/2026 - Fiscal Impact statement From TAX (1/19/2026 7:56 pm)
  • 1/20/2026 - Subcommittee failed to recommend laying on the table
  • 1/20/2026 - Subcommittee recommends laying on the table (10-Y 0-N)

Subcommittee #2

Subcommittee recommends laying on the table (10-Y 0-N)

HB68 McNamara Real property; effect on rate when assessment results in tax increase, consideration of inflation.

Summary: A BILL to amend and reenact §§ 58.1-3321 and 58.1-3330 of the Code of Virginia, relating to local taxation of real property; effect on rate when assessment results in tax increase; consideration of inflation.

Fiscal Impact

Last actions:

  • 1/27/2026 - House subcommittee offered
  • 1/27/2026 - House subcommittee offered
  • 1/27/2026 - Subcommittee recommends continuing to (Voice Vote)
  • 1/27/2026 - Placed on Finance Agenda
  • 1/28/2026 - Continued to next session in Finance

Subcommittee #2

Subcommittee recommends continuing to (Voice Vote)

HB72 Cole, J.G. Real property tax; classification of land and improvements in City of Fredericksburg.

Summary: A BILL to amend and reenact § 58.1-3221.1 of the Code of Virginia, relating to real property tax; classification of land and improvements; City of Fredericksburg.

Fiscal Impact

Subcommittee #2

Subcommittee recommends reporting (9-Y 1-N)

HB175 Feggans Real property; tax exemption, surviving spouses of members of Armed Forces who died in line of duty.

Summary: A BILL to amend and reenact § 58.1-3219.9 of the Code of Virginia, relating to real property tax exemption; surviving spouses of members of the Armed Forces who died in the line of duty.

Fiscal Impact

Last actions:

  • 1/20/2026 - Placed on Finance Agenda
  • 1/21/2026 - Reported from Finance (22-Y 0-N)
  • 1/23/2026 - Read first time
  • 1/26/2026 - Read second time and engrossed
  • 1/27/2026 - Read third time and passed House (99-Y 0-N 0-A)

Senate Committee Actions:

• 1/28/2026 - Constitutional reading dispensed (on 1st reading)

• 1/28/2026 - Referred to Committee on Finance and Appropriations

• 2/12/2026 - Removed from Finance and Appropriations docket for Feb 12, 2026

• 3/3/2026 - Placed on Finance and Appropriations docket for Mar 03, 2026

• 3/3/2026 - Continued to next session in Finance and Appropriations (12-Y 2-N)

Subcommittee #2

Subcommittee recommends reporting (10-Y 0-N)

HB261 Simonds Real property; tax classification of land and improvements in City of Newport News.

Summary: A BILL to amend and reenact § 58.1-3221.1 of the Code of Virginia, relating to real property tax; classification of land and improvements; City of Newport News.

Fiscal Impact

Subcommittee #2

Subcommittee recommends reporting (9-Y 1-N)

HB282 Callsen Real property tax; classification of land and improvement in Cities of Charlottesville/Falls Church.

Summary: An Act to amend and reenact § 58.1-3221.1 of the Code of Virginia, relating to real property tax; classification of land and improvements; Charlottesville and Falls Church.

Fiscal Impact

Last actions:

  • 1/27/2026 - Read third time and passed House (91-Y 8-N 0-A)
  • 2/17/2026 - Fiscal Impact statement From TAX (2/17/2026 1:24 pm)
  • 3/5/2026 - Enrolled
  • 3/5/2026 - Bill text as passed House and Senate (HB282ER)
  • 3/5/2026 - 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 (40-Y 0-N 0-A)

• 3/5/2026 - Signed by President

Subcommittee #2

Subcommittee recommends reporting (9-Y 1-N)

HB334 Rasoul Additional local sales and use tax to support schools; referendum.

Summary: A BILL to amend and reenact §§ 58.1-602, 58.1-605, 58.1-605.1, and 58.1-606.1 of the Code of Virginia, relating to additional local sales and use tax to support schools; referendum.

Fiscal Impact

Last actions:

  • 1/20/2026 - Placed on Finance Agenda
  • 1/21/2026 - Reported from Finance (16-Y 6-N)
  • 1/23/2026 - Read first time
  • 1/26/2026 - Read second time and engrossed
  • 1/27/2026 - Read third time and passed House (70-Y 28-N 0-A)

Senate Committee Actions:

• 1/28/2026 - Constitutional reading dispensed (on 1st reading)

• 1/28/2026 - Referred to Committee on Finance and Appropriations

• 2/12/2026 - Removed from Finance and Appropriations docket for Feb 12, 2026

Subcommittee #2

Subcommittee recommends reporting (8-Y 2-N)

HB341 Martinez Plastic bag tax; distribution to towns.

Summary: An Act to amend and reenact § 58.1-1745 of the Code of Virginia, relating to plastic bag tax; distribution to towns.

Fiscal Impact

Last actions:

  • 1/27/2026 - Read third time and passed House (67-Y 32-N 0-A)
  • 2/23/2026 - Enrolled
  • 2/23/2026 - Bill text as passed House and Senate (HB341ER)
  • 2/23/2026 - Signed by Speaker
  • 2/24/2026 - Fiscal Impact statement From TAX (2/24/2026 7:43 am)

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 (22-Y 16-N 0-A)

• 2/23/2026 - Signed by President

Subcommittee #2

Subcommittee recommends reporting (7-Y 3-N)

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

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)