VA HB1449

Authorizes all Virginia localities (counties, cities, and towns) to impose taxes on the sale or use of nicotine vapor products by ordinance, with no maximum tax rate specified

Allows local nicotine vapor product tax rates to exceed state-imposed rates on such products

Requires localities that increase their nicotine vapor product tax rate to allow sellers with unsold inventory to pay the tax increase via return filing rather than stamps, with returns due six months after the rate increase takes effect

Permits localities to establish registration requirements for distributors, wholesalers, vendors, and retailers of nicotine vapor products, including bonding requirements up to 1.5 times average monthly tax liability

Authorizes penalties for late payment (up to 10% per month), fraud or evasion (up to 50%), and interest charges (up to 0.75% per month) on overdue local nicotine vapor product taxes