HB 1051 (Watts) was scheduled for consideration in House Finance Committee’s Subcommittee #2 on January 24, but was delayed until next week. (As General Assembly members juggle subcommittee and full committee meetings, temporary delays are not uncommon.) VACo encourages members to contact their delegates in support.
- The bill updates the CSUT by removing the exemptions for audio and streaming services, and prepaid calling services.
- Elimination of these exemptions was identified by a Department of Taxation study (mandated by the General Assembly) in 2015 as a way to stabilize declining revenues and remove the “competitive disadvantage” they place on providers of similar service, such as cable television and post-paid calling services.