Summary
Meets on: Tuesday and Wednesday at 9:00 a.m. in Committee Room B, Ground Floor, Pocahontas Building
Members: Janet Howell (Chair) – George Barker – Creigh Deeds – Adam Ebbin – John Edwards – Emmett Hanger – Mamie Locke – Louise Lucas – Dave Marsden – Jennifer McClellan – Steve Newman – Tommy Norment – Chap Petersen – Frank Ruff – Dick Saslaw – Jill Vogel
(11 Democrats and 5 Republicans)
Subcommittees:
- Capital Outlay
- Claims
- Economic Development and Natural Resources
- General Government
- Health and Human Resources
- Higher Education
- K-12 Education
- Public Safety
- Resources
- Transportation
OnAir Post: Finance and Appropriations Committee
News
Virginia Legislative Information System
Note: Details on bills passed below are in the Heading “Bills passed”)
- SB 1112 Research and development expenses; tax credit available against the bank franchise tax.
- SB 1130 Personal property tax; exemption for motor vehicle of a 100 percent disabled veteran.
- SB 1134 Refunding bonds; alters the principal and interest requirements.
- SB 1145 Commonwealth of Virginia Higher Educational Institutions Bond Act of 2021; created.
- SB 1146 Income tax, state; conformity with the Internal Revenue Code.
- SB 1254 Sports betting; clarifies certain procedures.
- SB 1155 Capital outlay plan; repeals existing six-year capital outlay for projects to be funded.
- SB 1156 Technology Development Grant Fund; created.
- SB 1158 Port of Virginia tax credits; extends the sunset date.
- SB 1162 Tax credit; agricultural best management practices.
- SB 1163 Agricultural equipment; establishes a refundable individual and corporate income tax credit.
- SB 1197 Virginia housing opportunity; tax credit established.
- SB 1201 Energy storage systems; definitions, tax exemption, revenue share for systems.
- SB 1204 George Mason University; management agreement with the Commonwealth.
- SB 1251 Virginia Retirement System; technical amendments.
- SB 1252 Coal tax credits; sunset dates.
- SB 1326 Local cigarette taxes; regional cigarette tax boards.
- SB 1398 Retail sales and transient occupancy taxes; room rentals.
- SB 1403 Retail Sales and Use Tax; exemption for personal protective equipment.
- SB 1423 Data centers; sales and use tax exemption, identifying a “distressed locality.”
- SB 1438 Combined transient occupancy and food and beverage tax; technical amendments.
Note: Details on bills passed below are in the Heading “Bills passed”.
– February 23, 2021
A proposal to make it illegal for Virginia politicians to use campaign funds to enrich themselves failed in the state Senate Tuesday, the latest sign of the legislature’s continuing wariness on campaign finance reform.
Several senators said they agreed with the proposal generally, but insisted policymakers should take more time to study it before imposing new rules on candidates running in Virginia’s wide-open fundraising system.
“The critical component here is to actually get it right,” said Sen. Jill Vogel, R-Fauquier, an election lawyer who noted that she sponsored a similar bill in the past and wants it to be wrapped into an upcoming study on comprehensive campaign finance reform.
MCLEAN, VA. (AP) — A Virginia Senate budget amendment would block the D.C. region’s Metro system from receiving at least $166 million in state funding unless it adds the name of Capital One bank to a northern Virginia Metrorail station.
Capital One wants the McLean station near its corporate headquarters to be renamed McLean-Capital One Hall to recognize a 1,600-seat theater it’s building on the campus.
About
From Senate Rules: “A Committee on Finance, 15 Senators, to consider matters concerning auditing; bills and resolutions for appropriations; the budget of the Commonwealth; claims; general and special revenues of the Commonwealth; all taxation and all matters concerning the expenditure of funds of the Commonwealth.”
Web Links
Subcommittees
Meets on: Friday at 8:00 a.m. in Subcommittee Room #1 5th Floor, Pocahontas Building
Members: Creigh Deeds(Chair), Janet Howell, Emmett Hanger, Mamie Locke, Tommy Norment Dick Saslaw
