Retail Sales and Use Tax; exemptions include nonprofit entities. (HB2545)
Introduced By
Del. Clarke Hogan (R-South Boston)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Sales and use tax exemption; nonprofit entities. Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts in excess of $250,000 to provide the Department of Taxation with a financial review performed by an independent certified public accountant. Under current law such entities must provide a financial audit. Read the Bill »
Status
03/21/2007: signed by governor
History
| Date | Action |
|---|---|
| 01/09/2007 | Committee |
| 01/09/2007 | Prefiled and ordered printed; offered 01/10/07 073429324 |
| 01/09/2007 | Referred to Committee on Finance |
| 01/18/2007 | Assigned Finance sub: #2 (Ware, R.L.) |
| 01/23/2007 | Impact statement from TAX (HB2545) |
| 01/31/2007 | Reported from Finance with substitute (19-Y 0-N) (see vote tally) |
| 02/01/2007 | Committee substitute printed 073486448-H1 |
| 02/02/2007 | Read first time |
| 02/03/2007 | Passed by for the day |
| 02/05/2007 | Read second time |
| 02/05/2007 | Committee substitute agreed to 073486448-H1 |
| 02/05/2007 | Engrossed by House - committee substitute HB2545H1 |
| 02/06/2007 | Read third time and passed House (99-Y 0-N) |
| 02/06/2007 | Communicated to Senate |
| 02/07/2007 | Impact statement from TAX (HB2545H1) |
| 02/07/2007 | Constitutional reading dispensed |
| 02/07/2007 | Referred to Committee on Finance |
| 02/13/2007 | Committee substitute printed 075920712-S1 |
| 02/14/2007 | Constitutional reading dispensed (40-Y 0-N) |
| 02/14/2007 | VOTE: (40-Y 0-N) (see vote tally) |
| 02/14/2007 | Read third time |
| 02/14/2007 | Reading of substitute waived |
| 02/14/2007 | Committee substitute agreed to 075920712-S1 |
| 02/14/2007 | Engrossed by Senate - committee substitute HB2545S1 |
| 02/14/2007 | Passed Senate with substitute (39-Y 0-N) |
| 02/14/2007 | VOTE: (39-Y 0-N) (see vote tally) |
| 02/14/2007 | Passed by temporarily |
| 02/14/2007 | Senate substitute agreed to by House (86-Y 5-N) |
| 02/21/2007 | Enrolled |
| 02/21/2007 | Bill text as passed House and Senate (HB2545ER) |
| 02/22/2007 | Signed by Speaker |
| 02/23/2007 | Signed by President |
| 03/07/2007 | Impact statement from TAX (HB2545ER) |
| 03/21/2007 | G Approved by Governor-Chapter 698 (effective 7/1/07) |
| 04/05/2007 | G Acts of Assembly Chapter text (CHAP0698) |