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It’s not a normal tax refund, but almost 350,000 Virginia taxpayers are running out of time to receive a one-time payment this fall as part of the state’s response to federal tax reform.
Gov. Ralph Northam has less than three weeks to leave his mark on the revised budget the General Assembly adopted in a legislative session that largely left the embattled second-year governor behind.
The administration of embattled Gov. Ralph Northam is working closely with Republican leaders in the General Assembly to settle a three-way battle over Virginia tax policy and produce a new state budget, despite the political firestorm that has engulfed the executive branch of government.
RICHMOND, Va. - Virginia's House of Delegates Tuesday moved to align state tax returns with federal returns, a normally mundane effort that th…
Virginia is looking to go online for revenue, with legislation next year to allow the state to collect sales tax on internet sales.
Virginia lawmakers on Thursday sharply questioned the costs of the state’s preparations for Hurricane Florence, saying they were shocked to learn officials committed to spend up to $60 million to set up shelters and deploy response teams for a storm that ultimately veered south.
Virginia's certified public accountants want policymakers to conform the state's tax code with the new federal tax law both quickly and completely, while delaying major changes in tax policy until after the current tax year.
More than half of Virginia taxpayers make less than $50,000 a year, but they will pay proportionally more in new state taxes than they will receive in federal tax savings under the sweeping reforms President Donald Trump signed into law in December, according to a new state analysis.
Virginia's revenue reserves are getting a $550 million boost from soaring income tax collections in the last fiscal year.