HB 960 Virginia 2027 session
Personal property taxes; valuation, effective clause.
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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action July 21, 2026
Continued from last session
Passage likelihood
Not enough recorded signal to estimate this bill's chances.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Continued from last session
- Continued to next session in Finance and Appropriations (15-Y 0-N)
- Fiscal Impact statement From TAX (2/17/2026 4:03 pm)
- Referred to Committee on Finance and Appropriations
- Constitutional reading dispensed (on 1st reading)
- Read third time and passed House (98-Y 0-N 0-A)
- Engrossed by House as amended
- committee amendment agreed to
- Read second time
- Read first time
- House committee offered
- Reported from Finance with amendment(s) (21-Y 0-N)
- House subcommittee offered
- Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
- Fiscal Impact statement From TAX (1/21/2026 8:29 pm)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-14-2026 26104842D