Uncertainty is the word of the day,” said Renee Haltom, the Federal Reserve Bank of Richmond’s Richmond regional executive.

Groceries and prescription drugs are tax-exempt. Clothing and motor vehicle purchases are taxable. Virginia repealed its portion of sales tax on groceries, but a 1% local grocery tax applies in ...

Virginia sales tax collections were up by 2.5% over the first eight months of the fiscal year, compared with the same period a year earlier, but consumers are pulling back on spending in Northern ...

Virginia does not tax Social Security benefits ... Retirees should also consider property taxes, sales taxes and other local ...

qualify for the Virginia retail sales and use tax exemption on purchases of tangible personal property for the use or consumption by W&M and VIMS (with certain exceptions). Therefore, all purchases ...

Combined with the 6 percent sales tax, this means that Virginia Beach diners will pay a 12 percent tax overall. The city collects the full meal tax and 1 percent of the sales tax. Watch related ...

This would mean those eating out in Virginia Beach would not only pay the proposed 6% city meal tax, but also pay an additional 6% state tax for sales and use, bringing the total to a 12% tax.

Here is the IRS Determination Letter. Virginia Sales and Use Tax Certificate of Exemption (Form ST-12) As a public institution of the Commonwealth of Virginia, W&M and VIMS qualify for the Virginia ...

Virginia Governor Glenn Youngkin has vetoed a bill to establish a regulated market for recreational cannabis sales, citing health and safety concerns.