The Joint Subcommittee to Evaluate Tax Preferences met on October 8. At the October meeting, the Subcommittee members discussed the Food Partial Sales Tax Exemption and the Sales Tax Exemption for Nonprofit Organizations.  Committee staff were instructed to continue to take a deeper look into each of these exemptions and come back with a report on how other states handle them.

The Commission is currently accepting public comments on the Sales Tax Exemption for Nonprofit Organizations and on the Income Tax Credit for Land Preservation. Written comments can be submitted to  taxpreferences@dls.virginia.gov.

The next meeting of the Joint Subcommittee is scheduled for November 5th.