SB 116

  • Virginia Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Jan 04, 2024
  • Passed Senate Jan 19, 2024
  • Passed House Feb 19, 2024
  • Signed by Governor Apr 08, 2024

Retail sales and use tax holiday; establishes an annual tax holiday that takes place in August.

Abstract

Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning on July 1, 2025, through July 1, 2030. During such weekend, state retail sales and use tax will not apply to certain (i) school supplies, (ii) clothing and footwear, (iii) qualified products designated as Energy Star or WaterSense, (iv) portable generators, or (v) hurricane preparedness equipment. This bill is identical to HB 25.

Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning in 2025 through 2029. During such weekend, state retail sales and use tax will not apply to certain (i) school supplies, (ii) clothing and footwear, (iii) qualified products designated as Energy Star or WaterSense, (iv) portable generators, or (v) hurricane preparedness equipment.

Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takesplace on the first full weekend in August beginning in 2025. Duringsuch weekend, state retail sales and use tax will not apply to certain (i) school supplies, (ii) clothing and footwear, (iii) qualifiedproducts designated as Energy Star or WaterSense, (iv) portablegenerators, or (v) hurricane preparedness equipment.

Bill Sponsors (3)

Votes


Actions


Apr 08, 2024

Office of the Governor

Acts of Assembly Chapter text (CHAP0663)

Office of the Governor

Approved by Governor-Chapter 663 (effective 7/1/25)

Mar 31, 2024

Senate

Impact statement from TAX (SB116ER)

Mar 27, 2024

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 8, 2024

Senate

Enrolled Bill Communicated to Governor on March 27, 2024

Mar 26, 2024

House

Signed by Speaker

Mar 25, 2024

Senate

Bill text as passed Senate and House (SB116ER)

Senate

Signed by President

Senate

Enrolled

Mar 06, 2024

Senate

Conference report agreed to by Senate (40-Y 0-N)

House

VOTE: Adoption (99-Y 0-N)

House

Conference report agreed to by House (99-Y 0-N)

Mar 05, 2024

Virginia General Assembly

Amended by conference committee

Feb 28, 2024

House

Delegates: Reid, Watts, Kent

House

Conferees appointed by House

Feb 26, 2024

Senate

Conferees appointed by Senate

Senate

Senators: Lucas, Locke, Reeves

Senate

Senate acceded to request (40-Y 0-N)

Feb 22, 2024

House

House insisted on substitute

House

House requested conference committee

Feb 21, 2024

Senate

House substitute rejected by Senate (0-Y 40-N)

Feb 19, 2024

House

Engrossed by House - committee substitute SB116H1

House

Read third time

House

Committee substitute agreed to 24107710D-H1

House

Passed House with substitute BLOCK VOTE (99-Y 0-N)

House

VOTE: Block Vote Passage (99-Y 0-N)

Feb 16, 2024

House

Read second time

Feb 14, 2024

House

Reported from Finance with substitute (22-Y 0-N)

House

Committee substitute printed 24107710D-H1

House

House committee, floor amendments and substitutes offered

Feb 13, 2024

House

Placed on Calendar

Senate

Impact statement from TAX (SB116S1)

House

Referred to Committee on Finance

House

Read first time

Jan 19, 2024

Senate

Read third time and passed Senate (37-Y 0-N)

Jan 18, 2024

Senate

Read second time

Senate

Engrossed by Senate - committee substitute SB116S1

Senate

Committee substitute agreed to 24105206D-S1

Senate

Reading of substitute waived

Jan 17, 2024

Senate

Read first time

Jan 16, 2024

Senate

Reported from Finance and Appropriations with substitute (15-Y 0-N)

Senate

Incorporates SB64 (Durant)

Senate

Incorporates SB58 (Craig)

Senate

Committee substitute printed 24105206D-S1

Senate

Senate committee, floor amendments and substitutes offered

Jan 15, 2024

Senate

Impact statement from TAX (SB116)

Jan 04, 2024

Senate

Prefiled and ordered printed; offered 01/10/24 24101315D

Senate

Referred to Committee on Finance and Appropriations

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/10/24 24101315D PDF HTML
Committee substitute printed 24105206D-S1 PDF HTML
Committee substitute printed 24107710D-H1 PDF HTML
SB116ER PDF HTML
CHAP0663 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB116FER161.PDF PDF
Fiscal Impact Statement: SB116FS1161.PDF PDF
Fiscal Impact Statement: SB116F161.PDF PDF
Amendment: SB116AC HTML

Sources

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