Idle machinery and tools tax; certain exemptions. (SB260)
Introduced By
Sen. Frank Wagner (R-Virginia Beach) with support from 6 copatrons, whose average partisan position is:
Those copatrons are Del. Watkins Abbitt (I-Appomattox), Del. Danny Marshall (R-Danville), Del. Sam Nixon (R-Richmond), Del. Bob Purkey (R-Virginia Beach), Del. Chris Saxman (R-Staunton), Sen. Martin Williams (R-Newport News)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✗ |
Signed by Governor |
✗ |
Became Law |
Description
Classification and taxation of property. Provides that in valuing machinery and tools for taxation, the commissioner of the revenue shall, if requested in writing, consider an independent appraisal submitted by the taxpayer. The bill also provides that, for taxable years beginning on or after January 1, 2007, certain certified pollution control equipment and facilities are exempt from state and local taxation, pursuant to Section 6 of Article X of the Constitution of Virginia. Finally, the bill requires that the Tax Commissioner convene a working group to consider several issues relating to the assessment and valuation for appraisals relating to machinery and tools, and to report by November 1, 2006. Further, the bill clarifies that idle machinery and tools are intangible capital segregated for state, not local, taxation. Read the Bill »
Status
05/19/2006: vetoed by governor
History
Date | Action |
---|---|
01/10/2006 | Prefiled and ordered printed; offered 01/11/06 062617832 |
01/10/2006 | Referred to Committee on Finance |
01/16/2006 | Fiscal impact statement from TAX (SB260) |
01/31/2006 | Reported from Finance with substitute (15-Y 0-N) |
02/01/2006 | Committee substitute printed 063964832-S1 |
02/01/2006 | Constitutional reading dispensed (39-Y 0-N) |
02/01/2006 | VOTE: (39-Y 0-N) |
02/02/2006 | Read second time |
02/02/2006 | Reading of substitute waived |
02/02/2006 | Committee substitute agreed to 063964832-S1 |
02/02/2006 | Reading of amendment waived |
02/02/2006 | Amendment by Senator Wagner agreed to |
02/02/2006 | Engrossed by Senate - committee substitute with amendment SB260ES1 |
02/02/2006 | Printed as engrossed 063964832-ES1 |
02/03/2006 | Read third time and passed Senate (39-Y 0-N) |
02/03/2006 | VOTE: (39-Y 0-N) |
02/03/2006 | Communicated to House |
02/14/2006 | Placed on Calendar |
02/14/2006 | Read first time |
02/14/2006 | Referred to Committee on Finance |
02/17/2006 | Fiscal impact statement from TAX (SB260ES1) |
02/27/2006 | Reported from Finance with substitute (22-Y 0-N) |
02/27/2006 | Committee substitute printed 065231448-H1 |
02/28/2006 | Read second time |
03/01/2006 | Read third time |
03/01/2006 | Committee substitute agreed to 065231448-H1 |
03/01/2006 | Engrossed by House - committee substitute SB260H1 |
03/01/2006 | Passed House with substitute (96-Y 1-N) |
03/01/2006 | VOTE: PASSAGE (96-Y 1-N) |
03/01/2006 | House substitute rejected by Senate (1-Y 38-N) |
03/01/2006 | VOTE: (1-Y 38-N) |
03/01/2006 | Reconsideration of House substitute agreed to by Senate (39-Y 0-N) |
03/01/2006 | VOTE: (39-Y 0-N) |
03/01/2006 | House substitute rejected by Senate (0-Y 38-N 1-A) |
03/01/2006 | VOTE: (0-Y 38-N 1-A) |
03/01/2006 | House insisted on substitute |
03/01/2006 | House requested conference committee |
03/01/2006 | Senate acceded to request (36-Y 0-N) |
03/01/2006 | VOTE: (36-Y 0-N) |
03/01/2006 | Conferees appointed by Senate |
03/01/2006 | Senators: Wagner, Hawkins, Lambert |
03/01/2006 | Conferees appointed by House |
03/01/2006 | Delegates: Purkey, Orrock, Caputo |
03/03/2006 | Conference substitute printed 065240832-S2 |
03/06/2006 | Conference report agreed to by Senate (38-Y 0-N) |
03/06/2006 | VOTE: (38-Y 0-N) |
03/06/2006 | Conference report agreed to by House (84-Y 15-N) |
03/06/2006 | VOTE: ADOPTION (84-Y 15-N) |
03/21/2006 | Bill text as passed Senate and House (SB260ER) |
03/21/2006 | Enrolled |
03/21/2006 | Signed by Speaker |
03/22/2006 | Signed by President |
03/23/2006 | Fiscal impact statement from TAX (SB260ER) |
04/11/2006 | Governor's recommendation received by Senate |
04/18/2006 | Placed on Calendar |
04/19/2006 | Senate rejected Governor's recommendation (19-Y 19-N) |
04/19/2006 | VOTE: (19-Y 19-N) |
04/19/2006 | Chair votes No |
04/19/2006 | Communicated to Governor |
05/19/2006 | G Vetoed by Governor |