2025 Regular SessionVirginia Legislature

SB1001: Retail Sales and Use Tax; exemption for electric utility equipment.

Legislative Summary

Sales and use tax; exemption for electric utility equipment. Exempts from the retail sales and use tax, beginning July 1, 2025, and ending July 1, 2030, tangible personal property used directly in the initiation, production, generation, transmission, or distribution of electricity by Appalachian Power.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/7/2025
Prefiled and ordered printed; Offered 01-08-2025 25103419D
Senate
1/7/2025
Referred to Committee on Finance and Appropriations
Senate
1/21/2025
Impact statement from TAX (SB1001)
Senate
2/5/2025
Left in Finance and Appropriations
Senate

Status Information

Current Status
Introduced(1/7/2025)
Chamber
Senate
Committee
Finance and Appropriations(Senate)

Sponsors

Republican: 1

Primary Sponsor

Chris Head
Chris Head
Republican

Documents

Introduced
Bill Text1/7/202527.8 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/20/202583.2 KB