States / Virginia / HB 954

HB 954 Enacted

Rounding procedures; taxes and fees calculated, report.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Rounding procedures. Provides for rounding procedures in certain cash transactions and authorizes the governing body of a locality to by ordinance set temporary procedures for the adjustment of bills and account balances for taxes and other charges due to the locality to account for the cessation of production of the penny coin by the United States Mint until July 1, 2027. The bill also directs the Department of Taxation to evaluate options and recommend a uniform procedure for such adjustments and balances for all localities of the Commonwealth and report its findings and recommendations no later than November 1, 2026.

Chamber
House
Introduced
Jan 13, 2026
Last action
Apr 13, 2026 — Approved by Governor-Chapter 713 (effective 7/1/2026)
Session
2026
Momentum
86 · Very high