Public Comments for 01/21/2025 Finance - Subcommittee #2
HB1701 - Income tax; housing opportunity tax credit; sunset extended.
HB1729 - Sales and use tax exemption; aircraft components.
HB1997 - Income tax, state; pass-through entities, sunset.
HB2048 - Virginia Housing Trust Fund; Virginia housing opportunity and community investment tax credit.
HB2114 - Collection of state taxes; period of limitations on collection.
HB2248 - Retail Sales and Use Tax; removes sunset for aircraft components.
HB2264 - Taxation, Department of; repealing Virginia Free File Tax program.
HB2336 - Retail Sales and Use Tax; exempts gold, silver, or platinum bullion, extends sunset.
HB2382 - Land preservation tax credit; maximum amount increase.
HB2549 - Individual income taxes; creation of currently not collectible status.
HB2595 - Firearm safety device tax credit; defines commercial retailer.
As a volunteer with Moms Demand Action, I have had the opportunity to speak with many community members over the years about the importance of secure storage as well as the availability of the secure storage device tax credit. This information is overwhelmingly met with an enthusiastic response and many leave with the information eager to follow up. Securely storing firearms is critical to reduce unintentional shootings, youth suicide and the ability to harm others. If a firearm owner is responsibly securing their firearms, it should be easy for them to purchase storage that allows them to benefit from the tax credit. Please support this bill so Virginians can be furthered encouraged to safely store firearms out of the hands of those who shouldn't have them. Thank you so much.
I'm a volunteer with Moms Demand Action for Gun Sense in America, and I support this bill. Research shows secure storage practices play a vital role in reducing the risk of gun violence. Storing firearms securely protects children and adults by preventing unintentional shootings, gun suicides, and gun theft.
HB1572 - Tobacco products tax; cigars.
The American Lung Association strongly opposes this bill. As drafted, House Bill 1572 would impose a cap in the tax rate of cigars of 20% of the manufacturer’s sale price or $0.30 per cigar, whichever is less. The American Lung Association is concerned as the proposed language is capping and decreasing the current tax rate, making premium cigars more accessible and decreasing revenue that is invested in healthcare, and tobacco cessation and prevention efforts in our state. This bill undermines the current tax structure in place and could also set a precedent which would allow other tobacco products to request similar exemptions or “carve outs” from policies and ultimately increase access and use of these dangerous products.
Anything to curb my tobacco allergies!