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SB799Introduced in the Senate

Tangible personal property tax relief; rate of taxation.

Introduced

Introduced by Tara Durant, District 27

What does this bill do?

Plain-English breakdown

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Official description

Tangible personal property tax relief; rate of taxation. Removes the $950 million cap, beginning in tax year 2027 and all tax years thereafter, on the amount of tangible personal property tax relief reimbursed to localities by the Commonwealth. The bill requires, for tax year 2027 and all tax years thereafter, each county, city, or town to reduce its local tax rate on qualifying vehicles to no greater than $0.00000001 per $100 of assessed value of the qualifying vehicle.

Where it stands

Passed by indefinitely in Finance and Appropriations (10-Y 5-N)

February 3, 2026

How did lawmakers vote?

SenateStage: Passed by indefinitely in Finance and Appropriations (10-Y 5-N) · February 3, 2026

10

Yes

5

No

0

Absent or Not Voting

15 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

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See how each senator voted

Bill history

  1. Presented and ordered printed 26105863D

  2. Referred to Committee on Finance and Appropriations

  3. Fiscal Impact statement From TAX (1/29/2026 11:07 am)

  4. Passed by indefinitely in Finance and Appropriations (10-Y 5-N)

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