SB730

Virginia SB730 proposes a sales and use tax on taxable services and digital personal property, with specific rates in certain districts.

Virginia SB730 introduces a sales and use tax on taxable services and digital personal property, with specific tax rates in certain districts. The bill defines taxable services and digital personal property, and outlines the tax rates for different districts. It also details the distribution of tax revenues for public transportation purposes, including allocations to various transportation funds and commissions. The bill specifies exemptions and conditions for tax collection, and mandates reporting and oversight requirements for the Washington Metropolitan Area Transit Authority (WMATA).