Virginia Governor Signs Law Establishing Three-Day Sales Tax Holiday

The Virginia Governor signed a law establishing an annual three-day sales tax holiday on the first weekend of August from 2025 to 2030. The law includes sales tax exemptions on certain items including: 1) school supplies; 2) clothing; 3) Energy Star products; 4) portable generators; and 5) hurricane preparedness items priced below specified thresholds. The law takes effect on July 1. [H.B. 25, enacted 04/08/24]

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