Commonwealth Aviation Fund; allocations. Changes (i) the allocation amounts from the Commonwealth Aviation Fund, (ii) the entity to which certain funds from such Fund are allocated from air carrier airports to commercial service airport sponsors, and (iii) the classification of airports from air carrier airport and reliever airport to commercial service airport and regional business airport, respectively.

Department of Housing and Community Development; Task Force on Property Appraisal and Valuation Equity. Creates the Task Force on Property Appraisal and Valuation Equity to study the misvaluation and undervaluation of real property owned by minority individuals to combat bias in real property appraisal and valuation. The bill requires the Task Force to meet at least annually and to report to the Governor and General Assembly by December 1 of each year regarding its activities and any recommendations. The bill has an expiration date of July 1, 2028.

Income tax deduction; tips and overtime compensation. Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes. The bill also establishes, for taxable years beginning on and after January 1, 2026, an income tax deduction for any overtime compensation, defined in the bill, received by an employee who is not exempt from overtime compensation rules pursuant to the federal Fair Labor Standards Act.

Financial institutions; regulation of money transmitters; penalty. Replaces existing state law regulating money transmitters with comprehensive provisions aimed at standardizing the regulation of money transmitters across the 50 states. The bill includes provisions for the licensure of money transmitters, supervision and implementation by the State Corporation Commission, acquisition of control of a licensee, mandatory disclosures, reporting and records requirements, authorized delegates, mandatory disclosures, prudential standards, and enforcement. The bill has a delayed effective date of July 1, 2026.

Tangible personal property tax; electric landscaping equipment. Establishes a separate classification of tangible personal property for electric-powered landscaping equipment employed in a trade or business and used to maintain commercial, public, or private gardens, lawns, trees, shrubs, or other plants, including lawn mowers, edgers, trimmers, leaf blowers, and chainsaws. Such property may be taxed by a locality at a rate not to exceed that applied to the general class of tangible personal property.

Elections; general provisions; prohibited area. Adds the five feet beyond any area designated for voting outside the polling place to the prohibited area where campaigning and certain other activities are unlawful during elections.

Public school teachers; written notice of noncontinuation of continuing contract. Provides that written notice of noncontinuation of a continuing teacher contract by the teacher must be given by June 15 of each year; otherwise, the contract continues in effect for the ensuing year in conformity with local salary stipulations, including increments. Current law provides that written notice of noncontinuation of a continuing teacher contract by either the teacher or the school board must be given by June 15 of each year; otherwise, the contract continues in effect for the ensuing year in conformity with local salary stipulations, including increments. This bill is identical to SB 1032.

School boards; student access to telehealth services; policies. Directs each school board to consider, for the purpose of increasing access to health care services for students, developing and implementing policies for permitting any public school student in the school division to schedule and participate in telehealth services, including mental health teletherapy services pursuant to a memorandum of understanding with a nationally recognized school-based telehealth provider developed in accordance with applicable law, on school property during regular school hours with parental consent. The bill requires any such policies developed and implemented by a school board to (i) require each public elementary and secondary school to designate a location in the school for student use for such telehealth appointments and implement measures to ensure the safety and privacy of any student participating in a telehealth appointment, (ii) prohibit any student from being subject to any disciplinary measure or consequence for participating in a telehealth appointment during regular school hours if such student would not be subject to any disciplinary measure or consequence for an absence for the purpose of receiving any health care services in person during regular school hours, and (iii) include such other requirements as the school board deems necessary and appropriate. Finally, the bill requires any school board that develops and implements any policies for permitting students to schedule and participate in telehealth services pursuant to the bill to provide and post in a publicly accessible location on its website at the beginning of each school year guidance relating to the implementation of such policies for administrative and instructional personnel. This bill is identical to SB 1037.

Charitable gaming; remuneration for bingo callers and bingo managers. Provides that, with certain exceptions, remuneration of up to $200 per session may paid to bingo managers or callers who have a current registration certificate issued by the Department of Agriculture and Consumer Services or who are exempt from such registration requirement. Current law permits such remuneration to be paid so long as it does not exceed $100 per session. The bill requires an exception for such remuneration to be paid at a rate not less than one and one-half times the normal remuneration rate when bingo managers or callers provide services on any day designated as a legal holiday. Lastly, the bill provides that by October 1, 2029, and annually thereafter, the Department shall adjust the maximum remuneration rate of $200 to reflect the rate of inflation from the previous date that such rate was established, as measured by the Consumer Price Index or other method of measuring the rate of inflation that the Department determines is reliable and generally accepted.

Veterans' Services Protection Act; prohibited practices; penalty. Creates the Veterans' Services Protection Act to prohibit any person from receiving compensation for preparing, presenting, prosecuting, advising, consulting, or assisting any individual regarding any veterans' benefits matter, as defined in the bill, except as permitted under federal law. The bill provides that a violation of its provisions constitutes a prohibited practice under the Virginia Consumer Protection Act.

Board of Wildlife Resources; creel limits; blue catfish. Requires the Board of Wildlife Resources to amend regulations to remove the one-fish daily limit for blue catfish longer than 32 inches in Lake Gaston, Kerr Reservoir, and the James, Rappahannock, and York Rivers and their tributaries below the fall line.

Workers' compensation; post-traumatic stress disorder, anxiety disorder, or depressive disorder; dispatchers. Allows dispatchers, as defined in the bill, to claim workers' compensation benefits relating to post-traumatic stress disorder, anxiety disorder, or depressive disorder under the Virginia Workers' Compensation Act if such disorders are incurred as a result of a qualifying event or in the line of duty, as such terms are defined in relevant law. Currently, only law-enforcement officers and firefighters may claim such benefits.

Department of Small Business and Supplier Diversity; Small SWaM Business Procurement Enhancement Program established. Establishes the Small SWaM Business Procurement Enhancement Program with a statewide goal of 42 percent of certified small SWaM business, as such term is defined in the bill, utilization in all discretionary spending by executive branch agencies and covered institutions in procurement orders, prime contracts, and subcontracts, as well as a target goal of 50 percent subcontracting to small SWaM businesses in instances where the prime contractor is not a small SWaM business for all new capital outlay construction solicitations that are issued. The bill provides that executive branch agencies and covered institutions are required to increase their small SWaM business utilization rates by three percent per year until reaching the 42-percent target or, if unable to do so, to implement achievable goals to increase their utilization rates. In addition, the bill provides for a small SWaM business set-aside for executive branch agency and covered institution purchases of goods, services, and construction, requiring that purchases up to $100,000 be set aside for award to certified small SWaM businesses.The bill creates the Division of Procurement Enhancement within the Department of Small Business and Supplier Diversity for purposes of collaborating with the Department of General Services, the Virginia Information Technologies Agency, the Department of Transportation, and covered institutions to further the Commonwealth's efforts to meet the goals established under the Small SWaM Business Procurement Enhancement Program, as well as implementing initiatives to enhance the development of small businesses, microbusinesses, women-owned businesses, minority-owned businesses, and service disabled veteran-owned businesses in the Commonwealth.Finally, the bill requires the Director of the Department of Small Business and Supplier Diversity to conduct, or contract with an independent entity to conduct, a disparity study every five years, with the next disparity study due no later than January 1, 2026. The bill specifies that such study shall evaluate the need for enhancement and remedial measures to address the disparity between the availability and the utilization of women-owned and minority-owned businesses. The provisions of the bill other than those requiring such study have a delayed effective date of January 1, 2026, and apply to covered institutions beginning July 1, 2026.

Public elementary and secondary schools; nutritional standards for school meals and other foods; nutrition requirements; certain color additives prohibited. Prohibits any public elementary or secondary school from offering or making available to any student any food served as a part of a school meal or any competitive food, as defined in applicable law, that contains any of the seven color additives listed in the bill. The bill directs the Board of Education to amend its nutritional guidelines for competitive foods promulgated pursuant to relevant law in accordance with the provisions of the bill. The bill has a delayed effective date of July 1, 2027, and is identical to SB 1289.

Minimum wage. Increases the minimum wage incrementally to $15.00 per hour by January 1, 2027. The bill codifies the adjusted state hourly minimum wage of $12.41 per hour that is effective January 1, 2025, and increases the minimum wage to $13.50 per hour effective January 1, 2026, and to $15.00 per hour effective January 1, 2027. The bill requires the Commissioner of Labor and Industry to establish an adjusted state hourly minimum wage by October 1, 2027.