Sales tax; exemption for food purchased forhuman consumption and essential personal hygiene products. Providesan exemption from local sales and use tax beginning July 1, 2024,for food purchased for human consumption and essential personal hygieneproducts. The bill also provides an allocation of state revenuesto fund the distribution to localities for funding that would havebeen distributed to them absent the exemption created by the bill.Under current law, such products are exempt from state sales anduse tax but are subject to the standard local rate of one percent.
Del. Joe McNamara
Sponsored bills
Virginia taxable income; standard deduction.Removes the sunset on elevated standard deduction amounts forsingle individuals and married persons that was scheduled to expirefor taxable years beginning on and after January 1, 2026.
Celebrating the life of Janet Marie Brooking.
Commending Peter A. Blake.
Department of Energy; State Corporation Commission;federal funding resources for electric utilities; report. Directsthe Department of Energy, in collaboration with the State CorporationCommission, to estimate and analyze total and discrete federal fundingresources available to electric utilities in the Commonwealth fortransmission, generation, distribution, or grid transformation projects.The bill directs the Department to develop a benchmarking and trackingsystem to encourage the maximum leveraging of federal funding resourcesby electric utilities no later than October 1, 2025. The bill requiresthe Department and the Commission to complete their meetings by November30, 2024, and to submit an executive summary and report of theirfindings to the Commission on Electric Utility Regulation.
Electric utilities; retail competition; aggregated competitive purchasers. Creates a limited exception to the requirementthat the State Corporation Commission must find that a petition forcertain competitive purchasers to aggregate their demands to becomequalified to purchase retail electric energy is consistent with thepublic interest in order for the Commission to approve such petition. The bill provides that a customer seeking such approval may remunerate the utility for any adverse effects to the incumbent utility or itsremaining utility customers contrary to the public interest as determinedby the Commission. The bill also provides that such customers shallnot be denied permission to procure retail electric energy from acompetitive supplier and that such remuneration fee shall be recalculatedby the Commission on a triennial basis from when a customer commencesa competitive service agreement.