2026 SESSION

INTRODUCED

26105253D

HOUSE BILL NO. 1008

Offered January 14, 2026

Prefiled January 14, 2026

A BILL to amend and reenact § 58.1-611 of the Code of Virginia, relating to retail sales and use tax; credit for taxes paid in another state.

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Patrons—Tran, Carroll and Cousins

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Referred to Committee on Finance

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Be it enacted by the General Assembly of Virginia:

1. That § 58.1-611 of the Code of Virginia is amended and reenacted as follows:

§ 58.1-611. Credit for taxes paid in another state.

A credit shall be granted against the taxes imposed by this chapter with respect to a person's use in this Commonwealth of tangible personal property purchased by him in another state. The amount of the credit shall be equal to (i) the tax paid by him to another state or political subdivision thereof by reason of the imposition of a similar tax on his purchase or use of the property or (ii) the amount of any credit received by him from another state within the past 12 months while a resident of such state due to an exemption from the imposition of a similar tax on his purchase or use of an electric vehicle. For purposes of this section, "electric vehicle" means a motor vehicle that derives all of the vehicle's power from electricity stored in a battery that (a) has a capacity of not less than 25 kilowatt-hours; (b) is capable of powering the vehicle for a range of at least 100 miles; and (c) is capable of being recharged from an external source of electricity. The amount of the credit shall not exceed the tax imposed by this chapter.