States / Virginia / HB 566

HB 566 In Committee

Tangible personal property tax relief; rate of taxation.

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Finance Substitute — · 1.5K words Open full page ↗

OFFERED FOR CONSIDERATION 2/10/2026

HOUSE BILL NO. 566

AMENDMENT IN THE NATURE OF A SUBSTITUTE

(Proposed by the House Committee on Finance

on ________________)

(Patron Prior to Substitute—Delegate McNamara)

A BILL to amend and reenact § 58.1-3524 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 58.1-3524.1 , relating to enhanced tangible personal property tax relief.

Be it enacted by the General Assembly of Virginia:

1. That § 58.1-3524 of the Code of Virginia is amended and reenacted and that the Code of Virginia is amended by adding a section numbered 58.1-3524.1 as follows:

§ 58.1-3524 . Tangible personal property tax relief; local tax rates on vehicles qualifying for tangible personal property tax relief.

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