---
type: "Bill"
title: "Retail Sales and Use Tax; exemptions for nonprofit entities."
description: "Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $2 million the minimumthreshold for gross revenue of a nonprofit entity that allows theDepartment of Taxation to require such entity to provide a financialaudit before receiving a federal income tax exemption. The bill requiresthat, beginning January 1, 2025, and every five years after thatdate, the $2 million threshold be adjusted according to the Consumer Price Index for food and beverages, all urban consumers (CPI-U) forthe previous five-year period."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "HB 464"
citation: "Virginia HB 464 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Chris S. Runion"]
version_count: 4
action_count: 36
vote_count: 7
first_action: "2024-01-08"
last_action: "2024-04-02"
source: "openstates"
source_identifier: "ocd-bill/480a2b7b-f7d4-4160-b258-95e46565d49e"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB464"
source_hash: "4e39d451583299719e884c122aeb0278d7ebc2e79d9f0f11ecd7d3949bfa1816"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 464 (2024) — Retail Sales and Use Tax; exemptions for nonprofit entities.

Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $2 million the minimumthreshold for gross revenue of a nonprofit entity that allows theDepartment of Taxation to require such entity to provide a financialaudit before receiving a federal income tax exemption. The bill requiresthat, beginning January 1, 2025, and every five years after thatdate, the $2 million threshold be adjusted according to the Consumer Price Index for food and beverages, all urban consumers (CPI-U) forthe previous five-year period.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0287** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0287)
2. **HB464ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB464ER)
3. **Prefiled and ordered printed; offered 01/10/24 24103578D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB464)
4. **Printed as engrossed 24103578D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB464E)

## Votes

- VOTE: Passage (94-Y 5-N) — **93–5** (pass) · lower
- VOTE: Adoption (95-Y 1-N) — **94–1** (pass) · lower
- Passed Senate with amendment (39-Y 0-N) — **39–0** (pass) · upper
- Reported from Finance and Appropriations with amendment (15-Y 0-N) — **15–0** (pass) · upper
- Subcommittee recommends reporting with amendments (8-Y 0-N) — **8–0** (pass) · lower
- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
- Reported from Finance with amendment(s) (18-Y 1-N) — **18–1** (pass) · lower

## Sponsors

- Chris S. Runion — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-08** Prefiled and ordered printed; offered 01/10/24 24103578D `filing, introduction`
- **2024-01-08** Referred to Committee on Finance `referral-committee`
- **2024-02-02** Assigned Finance sub: Subcommittee #2 `referral-committee`
- **2024-02-02** Impact statement from TAX (HB464)
- **2024-02-06** House subcommittee amendments and substitutes offered
- **2024-02-06** Subcommittee recommends reporting with amendments (8-Y 0-N)
- **2024-02-07** Reported from Finance with amendment(s) (18-Y 1-N) `committee-passage`
- **2024-02-09** Read first time `reading-1`
- **2024-02-12** Read second time `reading-2`
- **2024-02-12** Committee amendments agreed to `amendment-passage`
- **2024-02-12** Engrossed by House as amended HB464E
- **2024-02-12** Printed as engrossed 24103578D-E
- **2024-02-13** Read third time and passed House (94-Y 5-N) `passage, reading-3`
- **2024-02-13** VOTE: Passage (94-Y 5-N) `passage`
- **2024-02-14** Constitutional reading dispensed
- **2024-02-14** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-02-20** Impact statement from TAX (HB464E)
- **2024-02-27** Senate subcommittee amendments and substitutes offered
- **2024-02-27** Constitutional reading dispensed (39-Y 0-N)
- **2024-02-27** Reported from Finance and Appropriations with amendment (15-Y 0-N) `committee-passage`
- **2024-02-28** Read third time `reading-3`
- **2024-02-28** Reading of amendment waived
- **2024-02-28** Committee amendment agreed to `amendment-passage`
- **2024-02-28** Engrossed by Senate as amended
- **2024-02-28** Passed Senate with amendment (39-Y 0-N) `passage`
- **2024-03-01** Senate amendment agreed to by House (95-Y 1-N) `amendment-passage`
- **2024-03-01** VOTE: Adoption (95-Y 1-N)
- **2024-03-07** Enrolled `enrolled`
- **2024-03-07** Bill text as passed House and Senate (HB464ER) `passage`
- **2024-03-07** Impact statement from TAX (HB464ER)
- **2024-03-07** Signed by Speaker `passage`
- **2024-03-08** Signed by President `passage`
- **2024-03-11** Enrolled Bill communicated to Governor on March 11, 2024 `enrolled, executive-receipt`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-04-02** Approved by Governor-Chapter 287 (effective 7/1/24) `executive-signature`
- **2024-04-02** Acts of Assembly Chapter text (CHAP0287)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/480a2b7b-f7d4-4160-b258-95e46565d49e`. Confidence: reported (aggregated from official Virginia legislature records).