SB 572 VA Introduced
Retail Sales and Use Tax; exemptions for tangible personal property used for public improvements.
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Summary
Retail sales and use tax; exemptions for tangible personal property used for public improvements. Exempts from retail sales and use tax any tangible personal property reasonably necessary for use or consumption by a contractor in connection with a contract with the Commonwealth, any political subdivision of the Commonwealth, or the United States to make public improvements to real property owned by such governmental entity or real property to which title shall pass to the governmental entity upon completion of such contract.
Sponsor (1)
- Bryce E. Reeves Republican · primary
Action history (4)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26100917D · upper
- Jan 14, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 27, 2026 Fiscal Impact statement From TAX (1/27/2026 12:12 pm) · upper
- Jan 28, 2026 Passed by indefinitely in Finance and Appropriations (14-Y 0-N) · upper
Text versions (2)
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