VA HB 566
Status unknownTangible personal property tax relief; rate of taxation.
Virginia · 2026 Regular Session · lower
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Quick answers
Did VA HB 566 pass?
The current status of VA HB 566 is not known from the official record. Latest recorded action (2026-02-18): Left in Finance
What is VA HB 566 about?
Tangible personal property tax relief; rate of taxation. Requires, for tax year 2027 and all tax years thereafter, each county, city, or town to reduce its local tax rate on qualifying vehicles to no greater than $0.000001 per $100 of the eligible assessed value of the qualifying vehicle. The bill defines "eligible assessed value" as $5,000 of the assessed value of a qualifying vehicle. For tax year 2028 and all tax years thereafter, for any year in which the revenues of a county, city, or town grow by five percent or more, the bill provides that the eligible assessed value applied in such county, city, or town shall increase by an additional $5,000 until such time that the eligible assessed value equals $20,000.
Who sponsors VA HB 566?
Joseph P. McNamara is the primary sponsor of VA HB 566, joined by 8 cosponsors.
Description
Tangible personal property tax relief; rate of taxation. Requires, for tax year 2027 and all tax years thereafter, each county, city, or town to reduce its local tax rate on qualifying vehicles to no greater than $0.000001 per $100 of the eligible assessed value of the qualifying vehicle. The bill defines "eligible assessed value" as $5,000 of the assessed value of a qualifying vehicle. For tax year 2028 and all tax years thereafter, for any year in which the revenues of a county, city, or town grow by five percent or more, the bill provides that the eligible assessed value applied in such county, city, or town shall increase by an additional $5,000 until such time that the eligible assessed value equals $20,000.
- Introduced
- 2026-01-13
- Latest action
- 2026-02-18 — Left in Finance
- Bill type
- bill
- Last updated
- —
Sponsors
- Joseph P. McNamaraprimary
- Tony O. Wiltcosponsor
- Phillip A. Scottcosponsor
- Delores Oatescosponsor
- David R. Suetterleincosponsor
- Karen Hamiltoncosponsor
- Mitchell Cornettcosponsor
- Mike A. Cherrycosponsor
- Terry G. Kilgorecosponsor
Committees
Not provided by source.
Action timeline
Newest first
2026-02-18
Left in Finance
2026-02-10
Subcommittee recommends laying on the table (7-Y 3-N)
2026-02-10
House subcommittee offered
2026-02-08
Fiscal Impact statement From TAX (2/8/2026 3:41 pm)
2026-02-03
Assigned HFIN sub: Subcommittee #2
referral-committee
2026-02-01
Fiscal Impact statement From TAX (2/1/2026 11:28 am)
2026-01-13
Referred to Committee on Finance
referral-committee
2026-01-13
Prefiled and ordered printed; Offered 01-14-2026 26102059D
filing,introduction
Versions
Documents
Votes
Subcommittee recommends laying on the table
2026-02-10 · pass · 7-3
Member-level votes (11)
- Bonita G. Anthony: yes
- Elizabeth B. Bennett-Parker: not voting
- Karen Keys-Gamarra: yes
- Nicole Cole: yes
- Stacey Annie Carroll: yes
- Lindsey Dougherty: yes
- Margaret A. Franklin: yes
- R. Lee Ware: no
- Wendell S. Walker: no
- Thomas A. Garrett, Jr.: no
- Vivian E. Watts: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Session-wide evidence can include changes to other bills:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=VA&identifier=HB 566. See the API docs or the MCP server for AI assistants.
Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
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