2025 Regular SessionVirginia Legislature

HB2703: Virginia Aircraft S&UT; credit for tax paid on aircraft purchased from broker for noncommercial use.

Legislative Summary

Virginia Aircraft Sales and Use Tax Act; credit for tax paid on aircraft purchased from broker for noncommercial use. Provides that a credit shall be granted against the tax imposed by the Virginia Aircraft Sales and Use Tax Act with respect to a person's use in the Commonwealth of an aircraft purchased from any broker, defined in the bill, for noncommercial use in an amount equal to the tax paid by such person to such broker.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

1/16/2025
Presented and ordered printed 25104709D
House of Delegates
1/16/2025
Referred to Committee on Finance
House of Delegates
1/24/2025
Assigned Finance sub: Subcommittee #1
House of Delegates
1/25/2025
Impact statement from TAX (HB2703)
House of Delegates
2/4/2025
Left in Finance
House of Delegates

Status Information

Current Status
Introduced(1/16/2025)
Chamber
House of Delegates
Committee
Finance(House of Delegates)

Sponsors

Republican: 1

Primary Sponsor

Kim Taylor
Kim Taylor
Republican

Documents

Introduced
Bill Text1/16/20254.3 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/25/202576.1 KB