HB 960 Virginia House of Delegates · 2027 Regular Session

Personal property taxes; valuation, effective clause.

Summary

Personal property taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Feb 2026

House of Delegates Passage

Feb 2026

Senate Passage

Governor

Introduced Jan 13, 2026 Last action Jul 21, 2026

Floor votes

How they voted

This bill passed the House of Delegates. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 4, 2026

Committee

Referred to Committee on Finance and Appropriations

upper

Feb 3, 2026

Lower · Passed

Read third time and passed House (98-Y 0-N 0-A)

lower

Feb 2, 2026

Introduced

Engrossed by House as amended

lower

Feb 2, 2026

Lower · Passed

committee amendment agreed to

lower

Jan 29, 2026

Lower · Passed

House committee offered

lower

Jan 28, 2026

Lower · Passed

Reported from Finance with amendment(s) (21-Y 0-N)

lower

Jan 28, 2026

Lower · Passed

House subcommittee offered

lower

Jan 27, 2026

Lower · Passed

Subcommittee recommends reporting with amendment(s) (10-Y 0-N)

lower

Jan 13, 2026

Committee

Referred to Committee on Finance

lower

1 primary · 0 co-sponsors