Machinery and Tools Investment Grant Program; created. (SB549)
Introduced By
Sen. Frank Wagner (R-Virginia Beach) with support from 9 copatrons, whose average partisan position is:
Those copatrons are Sen. Chuck Colgan (D-Manassas), Sen. Emmett Hanger (R-Mount Solon), Sen. Dave Marsden (D-Burke), Sen. Jeff McWaters (R-Virginia Beach), Sen. Steve Newman (R-Forest), Sen. Phil Puckett (D-Tazewell), Sen. Frank Ruff (R-Clarksville), Sen. Bill Stanley (R-Moneta), Sen. John Watkins (R-Midlothian)
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 »
Outcome
History
Date | Action |
---|---|
01/16/2012 | Presented and ordered printed 12103540D |
01/16/2012 | Referred to Committee on Finance |
01/23/2012 | Impact statement from TAX (SB549) |
02/09/2012 | Reported from Finance with substitute (13-Y 2-N) (see vote tally) |
02/09/2012 | Committee substitute printed 12105252D-S1 |
02/13/2012 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2012 | Read second time |
02/14/2012 | Committee substitute rejected 12105252D-S1 |
02/14/2012 | Floor substitute printed 12105399D-S2 (Wagner) |
02/14/2012 | Reading of substitute waived |
02/14/2012 | Substitute by Senator Wagner agreed to 12105399D-S2 |
02/14/2012 | Engrossed by Senate - floor substitute SB549S2 |
02/14/2012 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2012 | Passed Senate (28-Y 12-N) (see vote tally) |
02/16/2012 | Placed on Calendar |
02/16/2012 | Read first time |
02/16/2012 | Referred to Committee on Appropriations |
02/17/2012 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
02/20/2012 | Impact statement from TAX (SB549S2) |
03/10/2012 | Left in Appropriations |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 7 minutes.