Retail sales and use tax holiday; establishes an annual tax holiday that takes place in August. (SB116)

Introduced By

Sen. Louise Lucas (D-Portsmouth) with support from co-patron Sen. Christie New Craig (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Annual retail sales and use tax holiday. Establishes an annual retail sales and use tax holiday that takes place on the first full weekend in August beginning on July 1, 2025, through July 1, 2030. During such weekend, state retail sales and use tax will not apply to certain (i) school supplies, (ii) clothing and footwear, (iii) qualified products designated as Energy Star or WaterSense, (iv) portable generators, or (v) hurricane preparedness equipment. This bill is identical to HB 25. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/04/2024Prefiled and ordered printed; offered 01/10/24 24101315D
01/04/2024Referred to Committee on Finance and Appropriations
01/15/2024Impact statement from TAX (SB116)
01/16/2024Incorporates SB64 (Jordan)
01/16/2024Senate committee, floor amendments and substitutes offered
01/16/2024Reported from Finance and Appropriations with substitute (15-Y 0-N) (see vote tally)
01/16/2024Committee substitute printed 24105206D-S1
01/16/2024Incorporates SB58 (Craig)
01/16/2024Incorporates SB64 (Durant)
01/17/2024Read first time
01/18/2024Read second time
01/18/2024Reading of substitute waived
01/18/2024Committee substitute agreed to 24105206D-S1
01/18/2024Engrossed by Senate - committee substitute SB116S1
01/19/2024Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/13/2024Placed on Calendar
02/13/2024Read first time
02/13/2024Referred to Committee on Finance
02/13/2024Impact statement from TAX (SB116S1)
02/14/2024Reported from Finance with substitute (22-Y 0-N) (see vote tally)
02/14/2024House committee, floor amendments and substitutes offered
02/14/2024Committee substitute printed 24107710D-H1
02/16/2024Read second time
02/19/2024Read third time
02/19/2024Committee substitute agreed to 24107710D-H1
02/19/2024Engrossed by House - committee substitute SB116H1
02/19/2024Passed House with substitute BLOCK VOTE (99-Y 0-N)
02/19/2024VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/21/2024House substitute rejected by Senate (0-Y 40-N) (see vote tally)
02/22/2024House insisted on substitute
02/22/2024House requested conference committee
02/26/2024Senate acceded to request (40-Y 0-N) (see vote tally)
02/26/2024Conferees appointed by Senate
02/26/2024Senators: Lucas, Locke, Reeves
02/28/2024Conferees appointed by House
02/28/2024Delegates: Reid, Watts, Kent
03/05/2024C Amended by conference committee
03/06/2024Conference report agreed to by Senate (40-Y 0-N)
03/06/2024Conference report agreed to by House (99-Y 0-N)
03/06/2024VOTE: Adoption (99-Y 0-N)
03/25/2024Enrolled
03/25/2024Bill text as passed Senate and House (SB116ER)
03/25/2024Signed by President
03/26/2024Signed by Speaker
03/27/2024Enrolled Bill Communicated to Governor on March 27, 2024
03/27/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
03/31/2024Impact statement from TAX (SB116ER)
04/08/2024G Approved by Governor-Chapter 663 (effective 7/1/25)

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