- Virginia Governor Glenn Youngkin signed state budget bills H.B. 6001 and H.B. 6002 on May 13
- Bills do not currently expand sales tax base to digital goods, but establish Joint Subcommittee on Tax Policy
- Subcommittee tasked with exploring ways to modernize Virginia’s income and sales and use taxes in 2024
- Governor emphasized bipartisan effort behind budget, highlighting strong labor market and record revenues
- Budget includes significant raises for educators and historic investments in various sectors
- Taxpayers should monitor Subcommittee on Tax Policy for potential changes or expansion of sales tax to digital goods
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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