Senate Bill 660, introduced by Sen. Emmett W. Hanger Jr. (Augusta County), was officially defeated yesterday by the Virginia House of Delegates Finance Committee. Senate Bill 660 would have created a new nexus standard to require certain Internet retailers to collect Virginia sales tax from its Virginia customers even if the retailer is not physically located in Virginia. The House Finance Committee adopted a subcommittee’s recommendation to lay Senate Bill 660 on the table, which effectively ends the bill’s chances of passing in this session of the General Assembly. However, the provisions of Senate Bill 660 are still present in the Senate’s version of the budget for the next biennium. To be adopted, the House of Delegates would have to concur with its inclusion in the budget.
For our previous discussion of this bill, please click here.