Retail Sales and Use Tax; exemptions include certain computer equipment and enabling software. (SB130)
Introduced By
Sen. Walter Stosch (R-Glen Allen)
Progress
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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; certain computer equipment and enabling software. Expands the sales and use tax exemption for the purchase by certain entities of particular computer equipment by including enabling software, and clarifies what enabling hardware is covered under the current exemption by specifying that it includes chillers and backup generators. The expansion and clarification apply to purchases made on or after July 1, 2009, but prior to June 30, 2020. The bill also changes one of the conditions for the exemption by changing from July 1, 2009, to January 1, 2009, the date after which an entity is required to make a new capital investment of at least $150 million to be eligible for the exemption. View Full Text »
