Repeal of Grocery Tax:
As Governor Youngkin promised, the 1.5% state tax on groceries has been repealed effective on January 1st. However, localities may tax groceries up to 1%.
Minimum wage increase to $12/hour
From 13newsnow.com:
“The minimum wage in Virginia is now $12 an hour, a bump up from the previous $11 an hour.
The raise is part of a 2020 law passed under former Virginia Gov. Ralph Northam, a Democrat, to raise the minimum wage to $15 an hour by 2026.
While the law created a path for wage increases to 13.50 an hour on Jan. 1, 2025, and $15 an hour a year later, they won’t take effect unless Virginia lawmakers reenact the law before July 1, 2024.
If they don’t do that, Virginia’s annual minimum wage will adjust based on increases in the consumer price index starting on Jan. 1, 2025.”
Information on other new laws, including consumer data protection and changes to the state unemployment here.