We have just welcomed the new year, giving us a fresh start and endless possibilities, though starting with a big snowstorm and loss of power for many of us may not be so auspicious. But in all seriousness, here’s to a much better year for everyone in 2022!
Indeed, the moment the clock struck midnight on Jan. 1, some important laws that the General Assembly passed during last year’s session became effective for the first time. As we gear up for the start of the 2022 General Assembly session in just one week, it would be remiss of me not to ensure that you are informed about the Commonwealth’s new laws.
One of the most significant changes in 2022 is the continuation of the increase in Virginia's minimum wage. On Jan. 1, the minimum wage was raised from $9.50 per hour to $11 per hour. Under Democratic leadership, Virginia’s minimum wage has seen a 50% increase over the last two years and will have a lasting positive impact on Virginia’s working families.
The minimum insurance coverage required for vehicles in Virginia increased for the first time since the 1970s. For all policies effective from Jan. 1, 2022, to January 1, 2025, the coverage requirements for liability insurance for crashes where one person is killed or injured increase from $25,000 up to $30,000. For cases involving two or more people, the amount rises from $50,000 to $60,000. Make sure to check with your insurance provider to ensure that your policy meets this minimum.
A new five-cent tax on disposable...
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