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Virginia · 2026 Regular Session · Bill

HB 960: Personal property taxes; valuation, effective clause.

Passed one chamber 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 960 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Personal property taxes; valuation, effective clause. Primary sponsor: Vivian Watts (Democratic). Most recent recorded action (March 3, 2026): Continued to next session in Finance and Appropriations (15-Y 0-N).

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 taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Vivian WattsPrimary sponsorDemocraticHouse14

“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 and Appropriations (15-Y 0-N)
  2. Fiscal Impact statement From TAX (2/17/2026 4:03 pm)
  3. Referred to Committee on Finance and Appropriations
  4. Constitutional reading dispensed (on 1st reading)
  5. Read third time and passed House (98-Y 0-N 0-A)
  6. Engrossed by House as amended
  7. committee amendment agreed to
  8. Read second time
  9. Read first time
  10. House committee offered
  11. Reported from Finance with amendment(s) (21-Y 0-N)
  12. House subcommittee offered

Showing 12 most recent of 16 actions. Full history

Sources

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