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VA HB1474
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Israel O'Quinn
Click for details
AI Summary
- Exempts aircraft purchased for resale by dealers from Virginia's 2% aircraft sales and use tax
- Amends § 58.1-1502 of the Code of Virginia governing aircraft taxation
- Current law imposes 2% tax on retail aircraft sales in Virginia and on aircraft licensed for use in the state
- Dealers holding aircraft inventory for resale would no longer pay the tax at acquisition, with tax collected only upon final retail sale to end purchaser
- Offered for consideration on February 10, 2026, sponsored by Delegate O'Quinn
Legislative Description
Retail Sales and Use Tax; exceptions for aircraft dealers.
Last Action
Left in Finance
2/18/2026
Committee Referrals
Finance2/18/2026
Finance: Subcommittee #22/6/2026
Finance1/23/2026
Full Bill Text
No bill text available