HB 960 VA

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Passed One Chamber

Personal property taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

• Vivian E. Watts Democratic · primary

1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104842D · lower
2. Jan 13, 2026 Referred to Committee on Finance · lower
3. Jan 21, 2026 Fiscal Impact statement From TAX (1/21/2026 8:29 pm) · lower
4. Jan 27, 2026 Subcommittee recommends reporting with amendment(s) (10-Y 0-N) · lower
5. Jan 28, 2026 House subcommittee offered · lower
6. Jan 28, 2026 Reported from Finance with amendment(s) (21-Y 0-N) · lower
7. Jan 29, 2026 House committee offered · lower
8. Jan 30, 2026 Read first time · lower
9. Feb 2, 2026 Read second time · lower
10. Feb 2, 2026 committee amendment agreed to · lower
11. Feb 2, 2026 Engrossed by House as amended · lower
12. Feb 3, 2026 Read third time and passed House (98-Y 0-N 0-A) · lower
13. Feb 4, 2026 Constitutional reading dispensed (on 1st reading) · upper
14. Feb 4, 2026 Referred to Committee on Finance and Appropriations · upper
15. Feb 17, 2026 Fiscal Impact statement From TAX (2/17/2026 4:03 pm) · lower
16. Mar 3, 2026 Continued to next session in Finance and Appropriations (15-Y 0-N) · upper

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.

• Engrossed · PDF
• Engrossed · HTML
• Finance Amendment · HTML
• Finance Amendment · HTML
• Subcommittee #2 Subcommittee Amendment · HTML
• Introduced · PDF
• Introduced · HTML