Machinery and tools; classification as intangible personal property. (HB2666)
Introduced By
Del. Bob Purkey (R-Virginia Beach)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Machinery and tools taxation. Exempts certified pollution control equipment and facilities, placed in service on or after January 1, 2009, from state and local taxation pursuant to subsection d of Section 6 of Article X of the Constitution of Virginia. The measure also provides that certain machinery and tools placed in service on or after January 1, 2009, are taxable as intangible personal property, thereby excluding such property from local taxation. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2007 | Committee |
| 01/10/2007 | Prefiled and ordered printed; offered 01/10/07 070226832 |
| 01/10/2007 | Referred to Committee on Finance |
| 01/18/2007 | Assigned Finance sub: #2 (Ware, R.L.) |
| 01/23/2007 | Impact statement from TAX (HB2666) |
| 02/03/2007 | Impact statement from DHCD (HB2666) |