Idle machinery and tools tax; certain exemptions. (SB260)

Introduced By

Sen. Frank Wagner (R-Virginia Beach) with support from 6 copatrons, whose average partisan position is:

Those copatrons are Del. Watkins Abbitt (I-Appomattox), Del. Danny Marshall (R-Danville), Del. Sam Nixon (R-Richmond), Del. Bob Purkey (R-Virginia Beach), Del. Chris Saxman (R-Staunton), Sen. Martin Williams (R-Newport News)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Classification and taxation of property. Provides that in valuing machinery and tools for taxation, the commissioner of the revenue shall, if requested in writing, consider an independent appraisal submitted by the taxpayer. The bill also provides that, for taxable years beginning on or after January 1, 2007, certain certified pollution control equipment and facilities are exempt from state and local taxation, pursuant to Section 6 of Article X of the Constitution of Virginia. Finally, the bill requires that the Tax Commissioner convene a working group to consider several issues relating to the assessment and valuation for appraisals relating to machinery and tools, and to report by November 1, 2006. Further, the bill clarifies that idle machinery and tools are intangible capital segregated for state, not local, taxation. Read the Bill »


05/19/2006: vetoed by governor


01/10/2006Prefiled and ordered printed; offered 01/11/06 062617832
01/10/2006Referred to Committee on Finance
01/16/2006Fiscal impact statement from TAX (SB260)
01/31/2006Reported from Finance with substitute (15-Y 0-N)
02/01/2006Committee substitute printed 063964832-S1
02/01/2006Constitutional reading dispensed (39-Y 0-N)
02/01/2006VOTE: (39-Y 0-N)
02/02/2006Read second time
02/02/2006Reading of substitute waived
02/02/2006Committee substitute agreed to 063964832-S1
02/02/2006Reading of amendment waived
02/02/2006Amendment by Senator Wagner agreed to
02/02/2006Engrossed by Senate - committee substitute with amendment SB260ES1
02/02/2006Printed as engrossed 063964832-ES1
02/03/2006Read third time and passed Senate (39-Y 0-N)
02/03/2006VOTE: (39-Y 0-N)
02/03/2006Communicated to House
02/14/2006Placed on Calendar
02/14/2006Read first time
02/14/2006Referred to Committee on Finance
02/17/2006Fiscal impact statement from TAX (SB260ES1)
02/27/2006Reported from Finance with substitute (22-Y 0-N)
02/27/2006Committee substitute printed 065231448-H1
02/28/2006Read second time
03/01/2006Read third time
03/01/2006Committee substitute agreed to 065231448-H1
03/01/2006Engrossed by House - committee substitute SB260H1
03/01/2006Passed House with substitute (96-Y 1-N)
03/01/2006VOTE: PASSAGE (96-Y 1-N)
03/01/2006House substitute rejected by Senate (1-Y 38-N)
03/01/2006VOTE: (1-Y 38-N)
03/01/2006Reconsideration of House substitute agreed to by Senate (39-Y 0-N)
03/01/2006VOTE: (39-Y 0-N)
03/01/2006House substitute rejected by Senate (0-Y 38-N 1-A)
03/01/2006VOTE: (0-Y 38-N 1-A)
03/01/2006House insisted on substitute
03/01/2006House requested conference committee
03/01/2006Senate acceded to request (36-Y 0-N)
03/01/2006VOTE: (36-Y 0-N)
03/01/2006Conferees appointed by Senate
03/01/2006Senators: Wagner, Hawkins, Lambert
03/01/2006Conferees appointed by House
03/01/2006Delegates: Purkey, Orrock, Caputo
03/03/2006Conference substitute printed 065240832-S2
03/06/2006Conference report agreed to by Senate (38-Y 0-N)
03/06/2006VOTE: (38-Y 0-N)
03/06/2006Conference report agreed to by House (84-Y 15-N)
03/06/2006VOTE: ADOPTION (84-Y 15-N)
03/21/2006Bill text as passed Senate and House (SB260ER)
03/21/2006Signed by Speaker
03/22/2006Signed by President
03/23/2006Fiscal impact statement from TAX (SB260ER)
04/11/2006Governor's recommendation received by Senate
04/18/2006Placed on Calendar
04/19/2006Senate rejected Governor's recommendation (19-Y 19-N)
04/19/2006VOTE: (19-Y 19-N)
04/19/2006Chair votes No
04/19/2006Communicated to Governor
05/19/2006G Vetoed by Governor