Budgeting Conservatively and Fighting against Tax Increases

Conservative budgeting is the hallmark of responsible governing. Our aim is to always be good stewards of taxpayer dollars. Achieving this goal is contingent on setting priorities and making tough decisions.

HB 763 Jones | Revenue Reserve Fund; created, report.

Establishes a Revenue Reserve Fund to offset shortfalls in the budget that cannot be addressed by the Rainy Day Fund.

HB 1152 Wilt | Beehive Grant Program.

Requires the Department of Agriculture and Consumer Services to cease reviewing applications for funding from the Beehive Grant Fund when the funds available for that fiscal year are exhausted.

HB 1027 Adams | Security freezes; fees.

Prohibits a credit reporting agency from requiring a consumer to pay a fee to place, remove, or lift a security freeze on the consumer’s credit report if the request therefor is received electronically.

House Republicans are committed to keeping taxes low so Virginia businesses can be competitive and Virginia families can keep more of their money in their pocket. Accordingly, we’ve killed several democratic tax increase proposals that would have resulted in over $770 million in new taxes on hardworking Virginians. These include:

HB 1051 Watts | Communications sales and use tax; services subject to taxation.

Applies the communications sales and use tax to services related to the streaming of audio and visual data, such as Netflix, Hulu, Pandora, and Spotify.

HB 310 Watts | Estate tax; appropriation of its revenues for health care purposes.

Reinstates the estate tax for persons dying on and after July 1, 2018.

HB 1356 Reid | Transient occupancy tax; expands tax in Northern Virginia statewide.

Expands the 2% regional transient occupancy tax in Northern Virginia statewide.

HB 465 Carter | Watercraft; increases sales and use tax rate.

Increases the watercraft sales and use tax rate from 2% to 4.15% and removes the $2,000 cap on the tax.