Yesterday the General Assembly approved a 10 percent tax on hotel room media purchases to fund the attraction of film production projects to the state. The House of Delegates passed the bill with a vote of 69-27. The Senate approved the bill earlier this month by a vote of 36 to 3. The bill now… Read more »
taxes
State wants to close retail tax loophole
When Virginia shoppers pay the 5 percent sales tax on retail goods, most – but not all of it – goes to the state. A small percentage is kept by the business. It’s called the dealer’s discount, and it has been in place since Virginia started the sales tax more than 40 years ago. It… Read more »