HB 1474 Virginia House of Delegates · 2026 Regular Session

Retail Sales and Use Tax; exceptions for aircraft dealers.

Summary

Virginia aircraft sales and use tax; exception for dealers. Provides that the tax levied and imposed upon the retail sale of every aircraft sold in the Commonwealth and upon the use in the Commonwealth of any aircraft required to be licensed by the Department of Aviation under the Virginia Aircraft Sales and Use Tax Act shall not apply to such sale or use by a dealer, defined under law as any person owning five or more aircraft during the calendar year who the Tax Commissioner finds is in the regular business of selling aircraft. The bill contains technical amendments.

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 23, 2026 Last action Feb 18, 2026

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What changed between versions

Introduced → Finance Substitute · 4 edits

MODERATE

The bill was amended from its original introduced version to a Finance Committee substitute version. The primary substantive change is the removal of three sections (58.1-1503, 58.1-1506, and 58.1-1510) that covered tax basis, payment timing, and civil penalties, while the core tax provision in 58.1-1502 remains largely intact with minor formatting adjustments. This appears to be a procedural revision where the Finance Committee streamlined the bill by removing detailed administrative provisions, possibly to be addressed separately or through different legislation.

Scope change

The bill's scope was narrowed by removing sections that governed how taxes are calculated, when payments are due, and what penalties apply for non-compliance. The core tax on aircraft sales and use remains in effect.

REQUIREMENT

Removed § 58.1-1503 which established requirements for invoices, tax basis calculations, and penalties for misrepresenting aircraft values.

TIMELINE

Removed § 58.1-1506 which specified when aircraft taxes must be paid, including deadlines for purchasers and monthly payment schedules for dealers.

ENFORCEMENT

Removed § 58.1-1510 which contained civil penalties, interest rates, and fraud provisions for failing to file returns or pay taxes on time.

TECHNICAL

Minor formatting and numbering changes in the remaining § 58.1-1502 text, including renumbering of sections and slight rewording of the dealer exception language.

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 18, 2026

Lower · Passed

Left in Committee Finance

lower

Feb 10, 2026

Lower · Passed

House subcommittee offered

lower

Feb 6, 2026

Committee

Assigned HFIN sub: Subcommittee #2

lower

Jan 23, 2026

Committee

Referred to Committee on Finance

lower

Jan 23, 2026

Introduced

Presented and ordered printed 26105593D

lower

1 primary · 0 co-sponsors