VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1997 SESSION

• history | hilite | pdf | print version

974718196
HOUSE BILL NO. 1591 Offered January 8, 1997 Prefiled November 26, 1996 A BILL to amend the Code of Virginia by adding a section numbered 58.1-609.14, relating to sales and use tax on food. ---------- Patron-- Darner ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-609.14 as follows:

§ 58.1-609.14. Elimination of tax on certain food.

The tax imposed by this chapter or pursuant to the authority granted in §§ 58.1-605 and 58.1-606 shall not apply to food purchased for preparation and consumption away from the place of purchase on and after July 1, 2005. Until that date, such tax shall be levied in accordance with the following timetable and rates:

Fiscal Year                            Tax Rate
1998                                      3.5%
1999                                      3.0%
2000                                      2.5%
2001                                      2.0%
2002                                      1.5%
2003                                      1.0%
2004                                      0.5%
2005                                      0.0%

The reduction in sales and use tax revenue resulting from the tax rate reductions in each fiscal year shall be shared by the Commonwealth, the Transportation Trust Fund and the localities in the same proportion as the three percent state sales and use tax, the one-half percent sales and use tax for transportation purposes and the one percent local sales and use tax comprise of the total four and one-half percent sales and use tax.