Virginia SR6 directs the Department of Taxation to study options for abolishing the personal property tax on qualifying vehicles.
Virginia SR6 tasks the Department of Taxation with studying options for abolishing the personal property tax on qualifying vehicles. The study will analyze financial impacts on localities and evaluate alternative revenue streams to compensate for lost tax revenue. The Department must solicit input from the Virginia Association of Counties and the Virginia Municipal League, and submit its findings to the Governor and General Assembly by November 30, 2026.
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