HB 563 VA

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Introduced

Personal property taxation; classifications; major energy consumer equipment upgrades. Establishes a special classification for generating equipment purchased on and after July 1, 2026, for the purpose of upgrading the backup or standby power systems of a major energy consumer (i) from equipment that does not meet Tier 2 emission standards to selective catalytic reduction generators that meet or exceed Tier 4 emission standards or (ii) to meet New Source Performance Standards as enforced by the Department of Environmental Quality, as applicable. The bill provides that such equipment may be taxed at a lower rate than is applied to other tangible personal property.

• David A. Reid Democratic · primary

1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104947D · lower
2. Jan 13, 2026 Referred to Committee on Finance · lower
3. Jan 31, 2026 Fiscal Impact statement From TAX (1/31/2026 3:44 pm) · lower
4. Feb 3, 2026 Assigned HFIN sub: Subcommittee #1 · lower
5. Feb 9, 2026 House subcommittee offered · lower
6. Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Subcommittee #1 Subcommittee Amendment · HTML
• Finance Amendment · HTML
• Introduced · PDF
• Introduced · HTML