Personal property tax; classification. (HB2524)

Introduced By

Del. Scott Lingamfelter (R-Woodbridge) with support from co-patrons Del. Clay Athey (R-Front Royal), and Del. Mark Cole (R-Fredericksburg)

Progress

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

Description

Personal property tax; classification. Creates as a separate class of personal property, motor vehicles with a seating capacity of not less than 30 persons, permitting localities to impose a lower rate of taxation on such property than the rate applicable to the general class of tangible personal property. Amends § 58.1-3506 (“Other classifications of tangible personal property for taxation.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History