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1999 SESSION

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HB 2232 Sales and use tax on food purchased for human consumption.

Introduced by: Jay W. DeBoer | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax on food purchased for home consumption— 2% reduction. Reduces the rate of the state sales and use tax on food products for home consumption from 3.5 percent to (i) 2.5 percent effective January 1, 2000, and (ii) 1.5 percent effective on and after January 1, 2001. Not affected by this change are the one percent state sales and use tax which is returned to localities based on average daily school membership, the one-half percent state sales and use tax which is deposited in the Transportation Trust Fund and the one percent local sales and use tax levied pursuant to §§ 58.1-605 and 58.1-606. This results in a total reduction of two percent of the current 4.5 percent state and local sales and use tax on food. The food which is exempt is that which would be exempt if purchased with coupons issued under the federal Food Stamp Program, except for seeds and plants which produce food for human consumption.


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