Machinery and tools tax; provides uniform statewide statutory classification for idle machinery. (HB2181)
Introduced By
Del. Chris Saxman (R-Staunton)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Machinery and tools tax; idle machinery and tools; emergency clause. 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. The bill has an emergency clause. Read the Bill »
Status
03/09/2007: signed by governor
History
| Date | Action |
|---|---|
| 01/09/2007 | Prefiled and ordered printed with emergency clause; offered 01/10/07 07713212" HB2181" |
| 01/09/2007 | Prefiled and ordered printed with emergency clause; offered 01/10/07 077132129 |
| 01/09/2007 | Referred to Committee on Finance |
| 01/18/2007 | Assigned Finance sub: #2 (Ware, R.L.) |
| 01/18/2007 | Impact statement from TAX (HB2181) |
| 02/02/2007 | Read first time |
| 02/03/2007 | Read second time |
| 02/03/2007 | Committee amendment agreed to |
| 02/03/2007 | Engrossed by House as amended HB2181E |
| 02/03/2007 | Printed as engrossed 077132129-E |
| 02/05/2007 | Read third time and passed House (96-Y 2-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 (HB2181E) |
| 02/15/2007 | Constitutional reading dispensed (35-Y 0-N) |
| 02/15/2007 | VOTE: (35-Y 0-N) (see vote tally) |
| 02/16/2007 | Read third time |
| 02/16/2007 | Passed Senate (38-Y 0-N) |
| 02/16/2007 | VOTE: (38-Y 0-N) (see vote tally) |
| 02/16/2007 | Reconsideration of Senate passage agreed to by Senate (39-Y 0-N) |
| 02/16/2007 | Passed Senate (39-Y 0-N) |
| 02/16/2007 | VOTE: (39-Y 0-N) (see vote tally) |
| 02/23/2007 | Enrolled |
| 02/23/2007 | Bill text as passed House and Senate (HB2181ER) |
| 02/24/2007 | Signed by Speaker |
| 02/26/2007 | Signed by Speaker |
| 02/26/2007 | Impact statement from TAX (HB2181ER) |
| 02/26/2007 | Signed by President |
| 02/28/2007 | Signed by President |
| 03/09/2007 | G Approved by Governor-Chapter 191 (effective 7/1/07) |
| 03/09/2007 | G Approved by Governor-Chapter 191 (effective 1/1/07) |
| 03/14/2007 | G Acts of Assembly Chapter text (CHAP0191) |
Comments
This seems like a good idea. If you've got $1M in machinery idle b/c you went out of business, it's tough to fork over $40,000 (or whatever) to the county every year in prop. taxes.
Good job, Frank Wagner. At least somebody's thinking about something besides how to make it more legally perilous to drive home from a Xmas party after having a glass of eggnog.