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Virginia · 2026 Regular Session · Bill

HB 563: Personal property taxation; establishes classification for major energy consumer equipment upgrades.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 563 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Personal property taxation; establishes classification for major energy consumer equipment upgrades. Primary sponsor: David Reid (Democratic). Most recent recorded action (February 11, 2026): Continued to next session in Finance (Voice Vote).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Personal property taxation; classifications; major energy consumer equipment upgrades. Establishes a special classification for generating equipment purchased on and after July 1, 2026, for the purpose of upgrading the backup or standby power systems of a major energy consumer (i) from equipment that does not meet Tier 2 emission standards to selective catalytic reduction generators that meet or exceed Tier 4 emission standards or (ii) to meet New Source Performance Standards as enforced by the Department of Environmental Quality, as applicable. The bill provides that such equipment may be taxed at a lower rate than is applied to other tangible personal property.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
David ReidPrimary sponsorDemocraticHouse28

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Continued to next session in Finance (Voice Vote)
  2. House subcommittee offered
  3. Assigned HFIN sub: Subcommittee #1
  4. Fiscal Impact statement From TAX (1/31/2026 3:44 pm)
  5. Referred to Committee on Finance
  6. Prefiled and ordered printed; Offered 01-14-2026 26104947D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source