Legislation repealing a sales tax on computer services and replacing it with a new income tax on residents earning more than $1 million has cleared the General Assembly and is headed to the governor?s desk.
Members of the House of Delegates voted 93 to 44 on legislation that makes up a $200 million gap the so-called “tech tax” was expected to generate. The bill, which already cleared the Senate, also includes $50 million in cuts to transportation funding and requires the state?s Board of Public Works to identify an additional $50 million in cuts.
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