License tax, local; separate rate for fuel distributors. (SB597)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Local license tax; retailers of certain fuels. Provides that when the Department of Mines, Minerals and Energy (DMME) determines that the weekly U.S. Retail gasoline price has increased by 20% or more in one week, and does not fall below that rate for 28 days, then the gross receipts taxes on fuel sales of a gas retailer made in the following licensing year shall not exceed 110% of the gross receipt taxes on fuel sales made in the license year of the increase. DMME must report its findings no later than January 30 each year to VML, VACO and the Virginia Petroleum, Convenience and Grocery Association. Read the Bill »
Status
04/05/2006: signed by governor
History
| Date | Action |
|---|---|
| 01/11/2006 | Presented and ordered printed 069175840 |
| 01/11/2006 | Referred to Committee on Finance |
| 01/23/2006 | Fiscal impact statement from TAX (SB597) |
| 01/31/2006 | Reported from Finance with substitute (14-Y 0-N 1-A) |
| 02/01/2006 | Committee substitute printed 069207840-S1 |
| 02/01/2006 | Constitutional reading dispensed (39-Y 0-N) |
| 02/01/2006 | VOTE: (39-Y 0-N) |
| 02/02/2006 | Read second time |
| 02/02/2006 | Reading of substitute waived |
| 02/02/2006 | Committee substitute agreed to 069207840-S1 |
| 02/02/2006 | Engrossed by Senate - committee substitute SB597S1 |
| 02/03/2006 | Read third time and passed Senate (38-Y 0-N 1-A) |
| 02/03/2006 | VOTE: (38-Y 0-N 1-A) |
| 02/03/2006 | Communicated to House |
| 02/14/2006 | Placed on Calendar |
| 02/14/2006 | Read first time |
| 02/14/2006 | Referred to Committee on Finance |
| 02/17/2006 | Fiscal impact statement from TAX (SB597S1) |
| 02/27/2006 | Reported from Finance with amendment (22-Y 0-N) |
| 02/28/2006 | Read second time |
| 03/01/2006 | Read third time |
| 03/01/2006 | Committee amendment agreed to |
| 03/01/2006 | Engrossed by House as amended |
| 03/01/2006 | Passed House with amendment BLOCK VOTE (99-Y 0-N) |
| 03/01/2006 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) |
| 03/03/2006 | House amendment agreed to by Senate (39-Y 0-N) |
| 03/03/2006 | Reconsideration of House amendment agreed to by Senate (39-Y 0-N) |
| 03/03/2006 | VOTE: (39-Y 0-N) |
| 03/03/2006 | House amendment agreed to by Senate (38-Y 0-N 1-A) |
| 03/03/2006 | VOTE: (38-Y 0-N 1-A) |
| 03/11/2006 | Bill text as passed Senate and House (SB597ER) |
| 03/11/2006 | Enrolled |
| 03/11/2006 | Signed by Speaker |
| 03/13/2006 | Signed by President |
| 03/15/2006 | Fiscal impact statement from TAX (SB597ER) |
| 04/05/2006 | G Approved by Governor-Chapter 763 (effective 7/1/06) |
| 04/17/2006 | G Acts of Assembly Chapter text (CHAP0763) |