Virginia
What's New
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blog
May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state…
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blog
December 14, 2017Private Schools Donors Likely to Win Big from Expanded Loophole in Tax Bill
For years, private schools around the country have been making an unusual pitch to prospective donors: give us your money, and you’ll get so many state and federal tax breaks…
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report
December 14, 2017Tax Bill Would Increase Abuse of Charitable Giving Deduction, with Private K-12 Schools as the Biggest Winners
In its rush to pass a major rewrite of the tax code before year’s end, Congress appears likely to enact a “tax reform” that creates, or expands, a significant number…
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ITEP Work in Action
October 17, 2017Commonwealth Institute: Average Virginian Families Provided a Pittance from GOP-Trump Tax Plan, Top 1% Would See Windfall
Who in Virginia would benefit from the type of tax cuts proposed by the Trump administration and congressional Republicans? New analysis by the Institute on Taxation and Economic Policy released in October… -
ITEP Work in Action
September 15, 2017The Commonwealth Institute: We Need More than Wishful Thinking: A Closer Look at the Candidates’ Tax Plans
Issue platforms by the current candidates for Virginia governor, including Republican candidate Ed Gillespie, Libertarian candidate Cliff Hyra, and Democratic candidate Ralph Northam, include proposals to modify or eliminate Virginia’s… -
ITEP Work in Action
August 28, 2017DC Fiscal Policy Institute, Maryland Center on Economic Policy, and The Commonwealth Institute: Triple Whammy: A Regional Sales Tax for Metro, Like Fare Hikes and Service Cuts, Would Fall Hardest on Struggling Families
A strong Metro system is important to all of us in the Washington region. And everyone agrees that the Metro system needs new resources to rebuild its health. But a…
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blog
May 17, 2017Investors and Corporations Would Profit from a Federal Private School Voucher Tax Credit
A new report by the Institute on Taxation and Economic Policy (ITEP) and AASA, the School Superintendents Association, details how tax subsidies that funnel money toward private schools are being… -
report
May 17, 2017Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education
One of the most important functions of government is to maintain a high-quality public education system. In many states, however, this objective is being undermined by tax policies that redirect… -
ITEP Work in Action
April 24, 2017The Commonwealth Institute: Working, Paying Taxes, Hitting Barriers
Unauthorized immigrants in Virginia contribute more than $250 million each year in state and local taxes. That’s a lot of money. But they could contribute even more – nearly $100…
Related Resources
ITEP Publications about Virginia
Reports about Virginia using ITEP data
All items referencing Virginia
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 2.0% - 5.75% |
| Standard Deduction |
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| Personal Exemption | $930 |
| Dependent Exemption | $930 |
| Earned Income Tax Credit (EITC) | 20% Nonrefundable |
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| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 6.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 25% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 4.30% |
| Average Local Sales Tax Rate | 0.30% |
| Average Combined State & Local Sales Tax Rate | 5.60% |
| State Sales Tax Treatment of Groceries | 1.5% |
| Local Sales Tax Treatment of Groceries | Taxed at 1.0% statewide local rate |
| Number of Services Taxed | 18 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.224 |
| Diesel Tax Rate (per gallon) | $0.261 |
| Cigarette Tax Rate (per pack) | $0.30 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $169 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes, but excludes at least one major tax |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Virginia Department of Taxation
- Center for Economic and Policy Studies (University of Virginia)
- Virginia General Assembly - Legislative Information System - State Budget
Tax Expenditure Reports
- Virginia Retail Sales and Use Tax Expenditure Study
- A Drop in the Bucket? (Unofficial report from the Commonwealth Institute)