Retail Sales and Use Tax; exemptions include nonprofit entities. (HB2545)

Introduced By

Del. Clarke Hogan (R-South Boston)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


03/21/2007: signed by governor


01/09/2007Prefiled and ordered printed; offered 01/10/07 073429324
01/09/2007Referred to Committee on Finance
01/18/2007Assigned Finance sub: #2 (Ware, R.L.)
01/23/2007Impact statement from TAX (HB2545)
01/31/2007Reported from Finance with substitute (19-Y 0-N) (see vote tally)
02/01/2007Committee substitute printed 073486448-H1
02/02/2007Read first time
02/03/2007Passed by for the day
02/05/2007Read second time
02/05/2007Committee substitute agreed to 073486448-H1
02/05/2007Engrossed by House - committee substitute HB2545H1
02/06/2007Read third time and passed House (99-Y 0-N)
02/06/2007Communicated to Senate
02/07/2007Impact statement from TAX (HB2545H1)
02/07/2007Constitutional reading dispensed
02/07/2007Referred to Committee on Finance
02/13/2007Committee substitute printed 075920712-S1
02/14/2007Constitutional reading dispensed (40-Y 0-N)
02/14/2007VOTE: (40-Y 0-N) (see vote tally)
02/14/2007Read third time
02/14/2007Reading of substitute waived
02/14/2007Committee substitute agreed to 075920712-S1
02/14/2007Engrossed by Senate - committee substitute HB2545S1
02/14/2007Passed Senate with substitute (39-Y 0-N)
02/14/2007VOTE: (39-Y 0-N) (see vote tally)
02/14/2007Passed by temporarily
02/14/2007Senate substitute agreed to by House (86-Y 5-N)
02/21/2007Bill text as passed House and Senate (HB2545ER)
02/22/2007Signed by Speaker
02/23/2007Signed by President
03/07/2007Impact statement from TAX (HB2545ER)
03/21/2007G Approved by Governor-Chapter 698 (effective 7/1/07)
04/05/2007G Acts of Assembly Chapter text (CHAP0698)