Virginia Amends Code for Underground Electric Line Pilot Program

The Virginia Governor signed a law expanding the underground transmission pilot program and carving out an exception to existing utility tax caps. The law allows localities to impose project-specific levies to fund undergrounding costs, subject to separate statutory limitations. The law takes effect July 1. [H.B. 1487, enacted 04/13/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.