Machinery and tools taxation; exempts certified pollution control equipment and facilities. (HB124)

Introduced By

Del. Bob Purkey (R-Virginia Beach) with support from co-patron Del. Brian Moran (D-Alexandria)

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, 2010, from state and local taxation pursuant to Article X, Section 6 (d) of the Constitution of Virginia. The measure also provides that certain machinery and tools placed in service on or after January 1, 2010, are taxable as intangible personal property, thereby excluding such property from local taxation. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/20/2007Committee
12/20/2007Prefiled and ordered printed; offered 01/09/08 088345692
12/20/2007Referred to Committee on Finance
01/14/2008Impact statement from TAX (HB124)
01/15/2008Assigned Finance sub: 1
02/04/2008Reported from Finance (22-Y 0-N) (see vote tally)
02/04/2008Referred to Committee on Appropriations
02/08/2008Continued to 2009 in Appropriations