Machinery and tools; classification and taxation for idle machinery and tools. (HB1937)
Introduced By
Del. Bob Purkey (R-Virginia Beach) with support from co-patrons Del. Watkins Abbitt (I-Appomattox), Del. Kathy Byron (R-Lynchburg), Del. Brian Moran (D-Alexandria), Del. Sam Nixon (R-Richmond), and Del. David Poisson (D-Sterling)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Machinery and tools tax; idle machinery and tools. Provides a uniform statewide statutory classification and taxation for idle machinery and tools on a prospective basis by allowing such machinery and tools to be taxed as capital as long as they have not been used for at least one year prior to tax day and they have been identified in writing by the taxpayer to the commissioner of the revenue as such. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/05/2007 | Committee |
01/05/2007 | Prefiled and ordered printed; offered 01/10/07 075722472 |
01/05/2007 | Referred to Committee on Finance |
01/10/2007 | Assigned Finance sub: #2 (Purkey) |
01/23/2007 | Impact statement from TAX (HB1937) |
02/01/2007 | Committee substitute printed 077143472-H1 |
02/02/2007 | Read first time |
02/03/2007 | Read second time |
02/03/2007 | Committee substitute agreed to 077143472-H1 |
02/03/2007 | Engrossed by House - committee substitute HB1937H1 |
02/05/2007 | Read third time and passed House (81-Y 16-N) |
02/05/2007 | Communicated to Senate |
02/06/2007 | Constitutional reading dispensed |
02/06/2007 | Referred to Committee on Finance |
02/07/2007 | Impact statement from TAX (HB1937H1) |