WHAT IS THE VA CONSUMPTION TAX?
During the 2000 session of the Virginia General Assembly, legislation was passed to change the current “State Gross Receipts Tax”to a “Consumption Tax”. Previously, these charges were included in the Cooperative’s base rates and the approximate amount of the tax was specified in a statement on your electric bill. Effective January 1, 2001, these charges must be itemized as a line item on your bill. This is not a new or an additional tax. The Cooperative will remit the entire amount of the ‘VA CONSUMPTION TAX” collected to state and local governments.
