Taxes

Now that the state’s new transportation package is in effect, a State Senator from Northern Virginia is vowing to repeal one controversial part – a fee for hybrid vehicles.

Adam Ebbin, a Democrat from Alexandria, says it’s illogical and unfair to tax hybrid technology – forcing owners to pay $64 a year.

“Y’know we have people who are paying more for their vehicles and paying higher personal property taxes to do the right thing for the environment, and they shouldn’t be taxed just for  doing the right thing.”

A panel of state lawmakers has begun a serious review of Virginia’s tax credits, exemptions, deductions, and similar “preferences.” 

The evaluation comes after the Joint Audit and Legislative Review Commission found that the tax breaks did not always perform as intended, were often inefficient, and cost the state billions of dollars in revenues.

Va Tax Dept Debit Cards

May 28, 2013

Those debit cards that the Virginia Department of Taxation issued to taxpayers instead of checks are not going anywhere. In fact, as the tax season wraps up, most residents have already seen them.

Getting rid of tax-refund checks was supposed to save the state money.  Taxpayers had the option of cashing out the card, transferring funds, or using it as a point-of-sale card or at an ATM.  But they were charged fees and were often confused about how to access funds. Burns said he didn't receive many complaints, though.  

Online Tax Tangles

May 23, 2013

Revenue that Virginia officials were anticipating from online sales tax legislation in Congress is now in doubt. 

Recently the U-S Senate overwhelmingly approved a measure to make it easier for states to collect sales taxes from online purchases. Since then lobbyists for big online retailers and small business owners alike have stormed House office buildings trying to sway your local representatives.

The reason for the intense lobbying effort is that billions of dollars are at stake. Virginia officials expect to reap more than $250-million from online sales tax revenue.

State revenues improved a little last month following a dismal drop of 6.1%  in March.  The news reassured members of the House Appropriations Committee, who worry that federal sequestration cuts could have a negative impact on both Virginia’s economy and the state's coffers. 

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