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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/05/2007Prefiled and ordered printed; offered 01/10/07 075722472
01/05/2007Referred to Committee on Finance
01/10/2007Assigned Finance sub: #2 (Purkey)
01/23/2007Impact statement from TAX (HB1937)
02/01/2007Committee substitute printed 077143472-H1
02/02/2007Read first time
02/03/2007Read second time
02/03/2007Committee substitute agreed to 077143472-H1
02/03/2007Engrossed by House - committee substitute HB1937H1
02/05/2007Read third time and passed House (81-Y 16-N)
02/05/2007Communicated to Senate
02/06/2007Constitutional reading dispensed
02/06/2007Referred to Committee on Finance
02/07/2007Impact statement from TAX (HB1937H1)