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House of Delegates Committee on Finance

The Finance Committee deals with policy issues affecting taxation and financing for the state budget and legislation that contains financial components.

Committee Chair: Delegate Roxann Robinson

Committee Members: Robinson (Chair), Fowler (Vice Chair), Orrock, Ware, Byron, Freitas, McNamara, Campbell, R.R., Walker, Runion, Wiley, Durant, Watts, Keam, Sullivan, Murphy, Hudson, Willett, Scott, D.L., Mundon King, Simon, Bennett-Parker

The following bills have been reported out of the House Finance Committee for 2022.

• HB 3 Gold, silver, and platinum bullion, etc.; extends sunset date for the sales tax exemption.
• HB 90 Sales tax; exemption for food purchased for human consumption & essential personal hygiene products.
• HB 103 Income tax, state; deduction for eligible educator qualifying expenses.
• HB 148 Certified pollution control equipment; certification by subdivisions.
• HB 180 Forest Sustainability Fund; created.
• HB 199 Land preservation program; special assessment.
• HB 200 Real property; tax exemption shall include property of certain single member ltd. liability company,
• HB 222 Taxes; installment agreements for payment.
• HB 224 Income tax, corporate; filing status for tax returns of certain affiliated corporations.
• HB 226 Taxes, appeal of local assessments.
• HB 233 Income tax, state; increases subtraction for National Guard.
• HB 238 Land use assessment; forms used for revalidation of applications shall be prepared by TAX.
• HB 254 School Construction Fund and Program; created and established.
• HB 269 Income tax, state; extends sunset provision for major business facility job tax credit.
• HB 291 Income tax, state; creates a nonrefundable tax credit for family caregivers.
• HB 298 Land bank ordinances; disposition.
• HB 332 Income tax, state and corporate; credit for small businesses.
• HB 338 Retirement and taxation; obsolete and not set out sections.
• HB 348 Income tax, corporate; tax returns of affiliated corporations.
• HB 368 Refunds of local taxes; authority of treasurer.
• HB 402 Landlords, participation; tax credit.
• HB 462 Retail Sales and Use Tax; extends sunset date for exemption of aircraft components to July 1, 2026.
• HB 472 Income tax, state; increases standard deduction.
• HB 518 Sales and transient occupancy taxes; accommodations intermediaries.
• HB 551 Retail Sales and Use Tax; exemption for medicine and drugs purchased by veterinarians.
• HB 656 Income tax, state and corporate; creates tax credit for coal refuge energy and reclamation, report.
• HB 693 Vehicle registration; personal property tax relief.
• HB 695 Worker training tax credit; extends sunset date.
• HB 791 Data centers; center fixtures are taxed as part of the real property where they are located, etc.
• HB 843 Income tax, state; housing opportunity tax credits.
• HB 911 Approved local volunteer activities; enables localities to provide credit against taxes & fees.
• HB 935 Income tax, state; refunds for individuals or married persons filing a joint return.
• HB 936 Gold, silver, & platinum bullion, etc.; removes sunset date for sales tax exemption.
• HB 957 Real property; classification, property owned by certain surviving spouses for tax purposes.
• HB 971 Commonwealth’s taxation system; conformity with the Internal Revenue Code, etc.
• HB 978 Cities and counties; distribution of recordation tax.
• HB 996 Land use assessment; parcels with multiple owners.
• HB 1006 Income tax, state and corporate; deductions for business interest.
• HB 1010 Real property taxes; notice of proposed increase, notice of public hearing.
• HB 1076 Cigarette tax, local; identifying unsold inventory, localities that increase taxes.
• HB 1083 Tax assessments; notices.
• HB 1084 License taxes, local; limitation of authority.
• HB 1087 Solar photovoltaic projects; local taxation for projects five megawatts or less.
• HB 1121 Income tax, state; pass-through entities.
• HB 1128 Income tax, state; military benefits subtraction.
• HB 1144 Gasoline and diesel fuel; lowers the rate of tax on July 1, 2022.
• HB 1155 Sales and use tax; media-related exemptions.
• HB 1168 Real property; tax exemption for certain disabled veterans and surviving spouses.
• HB 1185 Tax, local; solar facility exemption, effective date.
• HB 1199 Tobacco products tax; remote retail sales.
• HB 1202 Conformity with the Internal Revenue Code; cannabis licensees.
• HB 1231 Tangible personal property taxes; valuation of property.
• HB 1239 Tangible personal property & machinery and tools and merchants’ capital taxes; rates of tax, etc.
• HB 1308 Sales and use tax; entitlement to revenues from tourism projects.
• HB 1319 Beneficial hardwood management practices; creates a nonrefundable income tax credit.
• HB 1357 Tobacco products; taxes, penalties.