Retail Sales and Use Tax; exemptions include certain school-related items. (HB131)

Introduced By

Del. John Cosgrove (R-Chesapeake) with support from 21 copatrons, whose average partisan position is:

Progress

√
 Introduced
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 Passed Committee
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 Passed House
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 Passed Senate
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 Signed by Governor
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 Became Law

Description

Sales and use tax exemption; school supplies, clothing and footwear, and computers. Provides a sales and use tax exemption, beginning in 2006, for certain school supplies, clothing and footwear, and computers purchased during a 10-day period each year beginning on the first Friday in August. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner. Amends § 58.1-611.2, § 58.1-625, § 58.1-626, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 12/28/2005 Prefiled and ordered printed; offered 01/11/06 064176276
  • 12/28/2005 Referred to Committee on Finance
  • 01/16/2006 Fiscal impact statement from TAX (HB131)
  • 01/18/2006 Assigned to Finance sub-committee: #1 (Orrock)
  • 01/30/2006 Incorporated by Finance (HB532-Parrish)