VA SB314

Authorizes Arlington County to impose an additional transient occupancy tax of up to 1% on hotel and lodging rooms, with revenues designated for promoting tourism and business travel

Allows administering nonprofits for tourism improvement districts to enter into written agreements with locality tourism entities for professional services to carry out district plan activities

Requires administering nonprofits formed on or after July 1, 2026 to have boards of directors composed entirely of business owners

Requires existing administering nonprofits (those formed before July 1, 2026) to create a committee of business owners to oversee tourism improvement district plan activities

Repeals § 58.1-3825.3 and updates a cross-reference in Prince George County's transient occupancy tax provisions