Retail Sales and Use Tax; exemptions for nonprofit entities. (SB1222)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg)

Progress

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

Description

Sales and use tax exemption; nonprofit entities. Provides that nonprofit entities with gross annual revenue of at least $750,000 in the previous year must file a financial review performed by an independent certified public accountant in order to be eligible for a sales and use tax exemption. However, for those nonprofit entities with gross annual revenue of at least $1 million in the previous year, the Department of Taxation may require that the entity provide a financial audit performed by an independent certified public accountant in lieu of the financial review. Amends § 58.1-609.11, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 01/13/2009 Prefiled and ordered printed; offered 01/14/09 092868288
  • 01/13/2009 Referred to Committee on Finance
  • 01/24/2009 Impact statement from TAX (SB1222)
  • 01/28/2009 Reported from Finance (11-Y 5-N) (see vote tally)
  • 01/29/2009 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
  • 01/30/2009 Read second time and engrossed
  • 02/02/2009 Read third time and passed Senate (36-Y 2-N) (see vote tally)
  • 02/02/2009 Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
  • 02/02/2009 Passed Senate (35-Y 4-N) (see vote tally)
  • 02/02/2009 Unanimous consent to reconsider not granted (38-Y 1-N) (see vote tally)
  • 02/09/2009 Impact statement from TAX (SB1222)
  • 02/11/2009 Placed on Calendar
  • 02/11/2009 Read first time
  • 02/11/2009 Referred to Committee on Finance
  • 02/16/2009 Reported from Finance with amendment (22-Y 0-N) (see vote tally)
  • 02/17/2009 Read second time
  • 02/18/2009 Read third time
  • 02/18/2009 Committee amendment agreed to
  • 02/18/2009 Engrossed by House as amended
  • 02/18/2009 Passed House with amendment BLOCK VOTE (98-Y 0-N)
  • 02/18/2009 VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
  • 02/20/2009 House amendment agreed to by Senate (40-Y 0-N) (see vote tally)
  • 02/25/2009 Enrolled
  • 02/25/2009 Bill text as passed Senate and House (SB1222ER)
  • 02/25/2009 Signed by Speaker
  • 02/26/2009 Signed by President
  • 02/27/2009 Signed by President
  • 03/27/2009 G Approved by Governor-Chapter 526 (effective 7/1/09)
  • 03/27/2009 G Acts of Assembly Chapter text (CHAP0526)
  • 04/21/2009 Impact statement from TAX (SB1222ER)