Virginia HB978 amends the state sales and use tax to include digital personal property and imposes additional taxes in certain localities for school.
Virginia HB978 modifies the state sales and use tax to include digital personal property, which includes software, digital audio and audiovisual products, reading materials, and other data or applications. The bill also imposes additional local sales and use taxes in certain localities to fund capital projects for school construction and renovation. These additional taxes are subject to approval by local referendum and must be used solely for school-related projects. The revenue distribution from these taxes is based on school population estimates and high-need student populations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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