The Virginia Governor signed a law that amends the Code of Virginia to enhance tourism improvement districts by defining tourism entities, establishing requirements for administering nonprofits, and authorizing additional transient occupancy taxes. The law includes authorizing Arlington County to impose an additional transient occupancy tax up to 1 percent. The law takes effect July 1. [S.B. 314, enacted 04/06/26]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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