- Virginia Governor signed a law to increase electric utility consumption tax rates
- Special regulatory tax rate component is increased
- New tax rate is $0.001085 per kWh for usage between 2500 and 50000 kWh
- New tax rate is $0.000875 per kWh for usage over 50000 kWh
- Law takes effect on July 1
Source: news.bloombergtax.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.
