KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Virginia

SB302 • 2026

Peanuts; excise tax, sunset extended.

An Act to amend and reenact § 3.2-1905 of the Code of Virginia, relating to excise tax on peanuts; sunset extended.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Jordan
Last action
2026-04-08
Official status
Acts of Assembly Chapter
Effective date
Not listed

Plain English Breakdown

The official source material does not provide information about how collected taxes will be used or what happens after July 1, 2027.

Peanut Excise Tax Extension

This act extends an excise tax on peanuts grown and processed in Virginia until July 1, 2027.

What This Bill Does

  • Extends the end date of a peanut excise tax from July 1, 2026 to July 1, 2027.

Who It Names or Affects

  • Peanut farmers and processors in Virginia

Terms To Know

Excise Tax
A tax on specific goods or activities, like the sale of peanuts.
Sunset Date
The date when a law or regulation expires and is no longer in effect.

Limits and Unknowns

  • Does not specify what happens to the tax after July 1, 2027.
  • Does not mention how the collected taxes will be used.

Bill History

  1. 2026-04-08 Governor

    Approved by Governor-Chapter 493 (effective 7/1/2026)

  2. 2026-04-08 Governor

    Acts of Assembly Chapter text (CHAP0493)

  3. 2026-04-01 Senate

    Fiscal Impact statement From TAX (4/1/2026 9:26 am)

  4. 2026-03-31 Senate

    Enrolled Bill communicated to Governor on March 31, 2026

  5. 2026-03-31 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  6. 2026-03-31 House

    Signed by Speaker

  7. 2026-03-31 Senate

    Enrolled Bill communicated to Governor on March 31, 2026

  8. 2026-03-31 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  9. 2026-03-30 Senate

    Signed by President

  10. 2026-03-30 Senate

    Enrolled

  11. 2026-03-30 Senate

    Bill text as passed Senate and House (SB302ER)

  12. 2026-03-10 Senate

    House substitute agreed to by Senate (39-Y 1-N 0-A)

  13. 2026-03-09 Senate

    Passed by for the day

  14. 2026-03-09 Senate

    Passed by for the day

  15. 2026-03-05 House

    Read third time

  16. 2026-03-05 House

    committee substitute agreed to

  17. 2026-03-05 House

    Engrossed by House - committee substitute

  18. 2026-03-05 House

    Passed House with substitute Block Vote (95-Y 0-N 0-A)

  19. 2026-03-04 House

    Read second time

  20. 2026-03-02 Appropriations

    Reported from Appropriations with substitute (22-Y 0-N)

  21. 2026-03-02 Appropriations

    Committee substitute printed 26108905D-H1

  22. 2026-02-26 Commerce Agriculture & Natural Resources

    Assigned HAPP sub: Commerce Agriculture & Natural Resources

  23. 2026-02-25 Finance

    Reported from Finance and referred to Appropriations (21-Y 0-N)

  24. 2026-02-24 Subcommittee #2

    Subcommittee recommends reporting (10-Y 0-N)

  25. 2026-02-20 Subcommittee #2

    Assigned HFIN sub: Subcommittee #2

  26. 2026-02-05 House

    Placed on Calendar

  27. 2026-02-05 House

    Read first time

  28. 2026-02-05 Finance

    Referred to Committee on Finance

  29. 2026-02-02 Senate

    Read third time and passed Senate (39-Y 1-N 0-A)

  30. 2026-02-02 Senate

    Passed Senate (39-Y 1-N 0-A)

  31. 2026-01-30 Senate

    Read second time

  32. 2026-01-30 Senate

    Engrossed by Senate Block Vote (Voice Vote)

  33. 2026-01-29 Senate

    Rules suspended

  34. 2026-01-29 Senate

    Passed by for the day

  35. 2026-01-29 Senate

    Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)

  36. 2026-01-29 Senate

    Passed by for the day Block Vote (Voice Vote)

  37. 2026-01-27 Agriculture, Conservation and Natural Resources

    Reported from Agriculture, Conservation and Natural Resources (12-Y 0-N)

  38. 2026-01-21 Rural Affairs

    Assigned HACNR sub: Rural Affairs

  39. 2026-01-20 Senate

    Fiscal Impact statement From TAX (1/20/2026 7:40 pm)

  40. 2026-01-13 Senate

    Prefiled and ordered printed; Offered 01-14-2026 26101966D

  41. 2026-01-13 Agriculture, Conservation and Natural Resources

    Referred to Committee on Agriculture, Conservation and Natural Resources

Official Summary Text

Excise tax on peanuts; sunset extended.
Extends from July 1, 2026, to July 1, 2027, the sunset date of the excise tax on all peanuts grown in and sold in Virginia for processing.

Current Bill Text

Read the full stored bill text 
An Act to amend and reenact §
3.2-1905
of the Code of Virginia, relating to excise tax on peanuts; sunset extended.
Be it enacted by the General Assembly of Virginia:
1. That §
3.2-1905
of the Code of Virginia is amended and reenacted as follows:
§
3.2-1905
. Levy of excise tax.
Beginning July 1, 2010, and ending July 1,
2026
2027
, an excise tax shall be levied at a rate of $0.25 per 100 pounds on all peanuts grown in and sold in the Commonwealth for processing. Peanuts shall not be subject to the tax after the tax has been paid once.