Intangible personal property tax; classification of certain machinery and tools. (HB512)
Introduced By
Del. Bob Purkey (R-Virginia Beach) with support from 17 copatrons, whose average partisan position is:
Those copatrons are Del. Dickie Bell (R-Staunton), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Barbara Comstock (R-McLean), Del. Scott Garrett (R-Lynchburg), Del. Tag Greason (R-Potomac Falls), Del. Tim Hugo (R-Centreville), Del. Johnny Joannou (D-Portsmouth), Del. Mark Keam (D-Vienna), Del. Terry Kilgore (R-Gate City), Del. Barry Knight (R-Virginia Beach), Del. Jim LeMunyon (R-Oak Hill), Del. Bob Marshall (R-Manassas), Del. Bob Tata (R-Virginia Beach), Del. Ron Villanueva (R-Virginia Beach), Del. Mike Watson (R-Williamsburg), Sen. Lynwood Lewis (D-Accomac)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Intangible personal property tax; machinery and tools. Classifies as intangible personal property, and therefore subject solely to state taxation, machinery and tools purchased on or after July 1, 2012, that have not been in service for more than three years. Read the Bill »
Status
02/06/2012: passed committee
History
Date | Action |
---|---|
01/10/2012 | Committee |
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12102240D |
01/10/2012 | Referred to Committee on Finance |
01/19/2012 | Impact statement from DHCD (HB0512) |
01/20/2012 | Assigned Finance sub: #1 |
01/22/2012 | Impact statement from TAX (HB512) |
02/06/2012 | Subcommittee recommends reporting (8-Y 2-N) |
02/06/2012 | Reported from Finance (18-Y 4-N) (see vote tally) |
02/07/2012 | Read first time |
02/08/2012 | Passed by for the day |
02/09/2012 | Read second time |
02/09/2012 | Passed by for the day |
02/10/2012 | Passed by for the day |
02/13/2012 | Read second time |
02/13/2012 | Pending question ordered |
02/13/2012 | Engrossed by House |
02/14/2012 | Read third time and defeated by House (35-Y 65-N) |
02/14/2012 | VOTE: DEFEATED (35-Y 65-N) (see vote tally) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 13 minutes.