Virginia Legislative Update

Virginia Legislative Update

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The VMA hosted its Day on the Hill this week.  “We had a wonderful turnout on a beautiful day with good feedback from attendees that it was a worthwhile use of time to help support the VMA and its political efforts.  We want to thank all of the participants and encourage you to keep an eye out for next year’s Day on the Hill information so you too can join in the fun.

While the committee votes on VMA taxation priorities HB512 & SB549 – Machine & Tool Tax Reform and HB460 – Single Sales Factor Apportionment were delayed until Wednesday, February 8, key votes were taken this week on VMA Education priorities HB1061 & SB489 – adding bonus points for school accreditation based on the number of students earning industry credentials.

We still have hurdles to clear on Taxation priorities, so don’t forget to make your position known on these bills by calling your representatives and/or writing a letter of support for the Machine & Tool Tax reform bill via this template.

You may track legislation being monitored by the VMA anytime from our legislative action center at http://capwiz.com/vmaonline/home/ ”

Source:  Virginia Manufacturers Association (VMA)


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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