Personal property tax; seperate classifications of machinery and tools used in businesses. (SB417)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Progress

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

Description

Taxation of certified pollution control equipment and facilities; development of five-year plan. The Virginia Economic Development Partnership Authority, with other agencies, is required to prepare and execute a specific five-year plan to assist local governments that are dependent upon manufacturing facilities to diversity their economies. The bill also provides that 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. Read the Bill »

Status

04/03/2006: signed by governor

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 062618832
01/11/2006Referred to Committee on Finance
01/22/2006Fiscal impact statement from TAX (SB417)
01/31/2006Reported from Finance with substitute (15-Y 0-N)
02/01/2006Committee substitute printed 063965732-S1
02/01/2006Constitutional reading dispensed (39-Y 0-N)
02/01/2006VOTE: (39-Y 0-N)
02/02/2006Read second time
02/02/2006Reading of substitute waived
02/02/2006Committee substitute agreed to 063965732-S1
02/02/2006Reading of amendment waived
02/02/2006Amendment by Senator Hanger agreed to
02/02/2006Engrossed by Senate - committee substitute with amendment SB417ES1
02/02/2006Printed as engrossed 063965732-ES1
02/03/2006Read third time and passed Senate (39-Y 0-N)
02/03/2006VOTE: (39-Y 0-N)
02/03/2006Communicated to House
02/14/2006Placed on Calendar
02/14/2006Read first time
02/14/2006Referred to Committee on Finance
02/17/2006Fiscal impact statement from TAX (SB417ES1)
02/27/2006Reported from Finance with substitute (22-Y 0-N)
02/27/2006Committee substitute printed 065232448-H1
02/28/2006Read second time
03/01/2006Read third time
03/01/2006Committee substitute agreed to 065232448-H1
03/01/2006Engrossed by House - committee substitute SB417H1
03/01/2006Passed House with substitute (97-Y 1-N)
03/01/2006VOTE: PASSAGE (97-Y 1-N)
03/03/2006House substitute agreed to by Senate (39-Y 0-N)
03/03/2006VOTE: (39-Y 0-N)
03/11/2006Bill text as passed Senate and House (SB417ER)
03/11/2006Enrolled
03/11/2006Signed by Speaker
03/13/2006Signed by President
03/22/2006Fiscal impact statement from TAX (SB417ER)
04/03/2006G Approved by Governor-Chapter 375 (effective 7/1/06)
04/05/2006G Acts of Assembly Chapter text (CHAP0375)