• Date Due: November 01, 2020
  • Author: Department of Taxation
  • Enabling Authority: Appropriation Act - Item 3-5.14 B. (Regular Session, 2020)
  • Description:
    Report on the revenue impact of every sales tax exemption and tax credit scheduled to expire on or before June 30, 2022. The report shall include the prior fiscal year's state and local sales tax impact of each expiring sales tax exemption, and the prior fiscal year's general fund revenue impact of each expiring tax credit. The tax credit revenue impact analysis shall be inclusive of credits claimed against any tax imposed under Title 58.1 of the Code of Virginia.