VIRGINIA’S INTEREST RATES WILL CHANGE FOR THE FIRST QUARTER OF 2025 Federal Rates Decreased: State and certain local interest rates are subject to change every quarter due to changes in federal rates established pursuant to Internal Revenue Code (“IRC”) § 6621. IRC § 6621 dictates that the federal underpayment and overpayment rates are three percentage Continue Reading

Few people are happy to receive a tax bill — Loudoun County in Virginia has taken a step that could reduce the amount residents pay on the unpopular car tax. “It’s something that hits you twice a year, you kinda know that it’s coming, but you kinda forget about it,” said Matt Letourneau, chair of Continue Reading

Spokesperson: Gov. Youngkin likely to again veto regulated marketplace. Democratic state lawmakers won’t let an expected veto stop another push for a retail cannabis market in Virginia next year. Del. Paul Krizek (D–Fairfax) and Sen. Aaron Rouse (D–Virginia Beach) will revive their legal retail marketplace bills for the 2025 General Assembly session, which begins Jan. Continue Reading

Data centers already consume more than 25% of Virginia’s electricity. One new data center could require enough electricity to power 750,000 average U.S. homes. Data centers have huge implications for Virginia, which is why the state authorized a study of the data center industry on our quality of life, environment, tax dollars and electric bills. Continue Reading