Finance - Subcommittee #3 Subcommittee Agenda

Chair: Sullivan, Richard C.

Meeting Date & Time: 02/09/2026 15 Minutes after adjournment of House Add to Calendar

Location: House North Subcommittee Room - 200

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Additional Resource(s):

Video: Scheduled

Committee Clerk: 804-698-1947

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

Tax Reform

Bill(s) Patron Title
HB12 McNamara Income tax, state; standard deduction.

Summary: A BILL to amend and reenact § 58.1-322.03 of the Code of Virginia, relating to income tax; standard deduction.

Fiscal Impact

Subcommittee #3

HB13 McNamara RS and UT; food purchased for human consumption and essential personal hygiene products.

Summary: A BILL to amend and reenact §§ 58.1-603.1, as it is currently effective and as it may become effective, 58.1-603.2, 58.1-604.01, as it is currently effective and as it may become effective, 58.1-605.1, 58.1-606.1, and 58.1-611.1 of the Code of Virginia, relating to sales and use tax; food purchased for human consumption and essential personal hygiene products.

Fiscal Impact

Subcommittee #3

HB188 Convirs-Fowler Income tax, state; establishes a new income tax bracket beginning in taxable year 2026.

Summary: A BILL to amend and reenact § 58.1-320 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 58.1-320.1, relating to imposition of income tax.

Fiscal Impact

Subcommittee #3

HB372 Price Income Tax, state; removes sunset from and makes permanent increase in refundable earned tax credit.

Summary: A BILL to amend and reenact § 58.1-339.8 of the Code of Virginia, relating to earned income tax credit.

Fiscal Impact

Subcommittee #3

HB703 Tata RS & UT; food for human consumption and essential personal hygiene products, delayed effective date.

Summary: A BILL to amend and reenact §§ 58.1-603.1, as it is currently effective and as it may become effective, 58.1-603.2, 58.1-604.01, as it is currently effective and as it may become effective, 58.1-605.1, 58.1-606.1, and 58.1-611.1 of the Code of Virginia, relating to sales and use tax; food purchased for human consumption and essential personal hygiene products.

Fiscal Impact

Related Bills:

SB9 (Suetterlein - RS & UT; food for human consumption and essential personal hygiene products, delayed effective date.)

Subcommittee #3

HB900 Sullivan Sales & use tax on taxable services & digital personal property; taxes levied in certain districts.

Summary: A BILL to amend and reenact §§ 33.2-358, 33.2-371, 33.2-1524, 33.2-1524.1, 33.2-1526.1, 33.2-3401, 33.2-3402, 33.2-3403, 33.2-3502, 46.2-774, 58.1-602, 58.1-603, as it is currently effective and as it may become effective, 58.1-609.5, 58.1-609.11, 58.1-612, 58.1-623, 58.1-647, and 58.1-648 of the Code of Virginia; to amend the Code of Virginia by adding in Article 2 of Chapter 19 of Title 33.2 a section numbered 33.2-1904.1, by adding in Article 11 of Chapter 19 of Title 33.2 a section numbered 33.2-1937, by adding in Chapter 24 of Title 33.2 a section numbered 33.2-2402, by adding in Chapter 7 of Title 46.2 a section numbered 46.2-775, by adding sections numbered 58.1-603.3 and 58.1-612.3, and by adding in Chapter 17 of Title 58.1 an article numbered 13, consisting of a section numbered 58.1-1749; and to amend Chapter 766 of the Acts of Assembly of 2013 by adding a nineteenth enactment, relating to sales and use tax on taxable services and digital personal property; taxes levied in certain transportation districts; funding for transportation.

Fiscal Impact

Related Bills:

SB730 (Surovell - Sales & use tax on taxable services & digital personal property; taxes levied in certain districts.)

Subcommittee #3

HB978 Watts Retail Sales and Use Tax; taxation on various services, include digital personal property.

Summary: A BILL to amend and reenact §§ 58.1-602, 58.1-603, as it is currently effective and as it may become effective, 58.1-603.1, as it is currently effective and as it may become effective, 58.1-603.2, 58.1-604.01, as it is currently effective and as it may become effective, 58.1-605.1, 58.1-606.1, 58.1-609.5, 58.1-609.11, 58.1-611.1, 58.1-612, 58.1-623, 58.1-638, 58.1-647, and 58.1-648, relating to taxation in the Commonwealth.

Fiscal Impact

Subcommittee #3

HB979 Watts Taxation provisions; increases standard deduction.

Summary: A BILL to amend and reenact §§ 58.1-320, 58.1-322.03, 58.1-439.30, 58.1-603.1, as it is currently effective and as it may become effective, 58.1-603.2, 58.1-604.01, as it is currently effective and as it may become effective, 58.1-605.1, 58.1-606.1, and 58.1-611.1 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 58.1-320.1, relating to taxation provisions.

Fiscal Impact

Subcommittee #3

HB1074 Hernandez State taxation; numerous changes to the Commonwealth's tax structure.

Summary: A BILL to amend and reenact §§ 58.1-320, 58.1-322.02, 58.1-322.03, and 58.1-339.8 of the Code of Virginia and to amend the Code of Virginia by adding in Article 3 of Chapter 3 of Title 58.1 sections numbered 58.1-339.15 and 58.1-339.16, relating to state taxation in the Commonwealth.

Fiscal Impact

Subcommittee #3