Virginia HJR34 directs the Department of Taxation to study options for abolishing the personal property tax on qualifying vehicles.
Virginia HJR34 mandates the Department of Taxation to study alternatives for abolishing the personal property tax on qualifying vehicles. The study will analyze financial impacts on localities and evaluate potential revenue streams to compensate for lost tax revenue. The Department will seek input from the Virginia Association of Counties and the Virginia Municipal League. The study must be completed by November 30, 2026, and submitted to the Governor and General Assembly.
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