HB 563 VA
Personal property taxation; establishes classification for major energy consumer equipment upgrades.
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
This bill would establish a new personal property tax classification for major energy consumer equipment upgrades. Major energy consumers are large facilities or businesses that use substantial amounts of energy. Equipment upgrades typically refer to investments in energy efficiency improvements, renewable energy systems, or equipment that reduces energy consumption. The new tax classification would provide tax treatment for these equipment upgrades to encourage businesses to invest in energy efficiency and clean energy technologies.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
A BILL to amend and reenact § 58.1-3506 of the Code of Virginia, relating to personal property taxation; classifications; major energy consumer equipment upgrades.
Sponsor (1)
- David A. Reid Democratic · primary
Action history (7)
- Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104947D · lower
- Jan 13, 2026 Referred to Committee on Finance · lower
- Jan 31, 2026 Fiscal Impact statement From TAX (1/31/2026 3:44 pm) · lower
- Feb 3, 2026 Assigned HFIN sub: Subcommittee #1 · lower
- Feb 9, 2026 House subcommittee offered · lower
- Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower
- Jul 21, 2026 Continued from last session · lower
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments