Machinery and tools; separate classification for local taxation. (SB1315)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Separate classification of machinery and tools. Declares machinery and tools used directly in the manufacture of precision investment castings to be a separate classification of machinery and tools for local taxation. Localities may tax property so classified at rates or assessment ratios that are less than those for other machinery and tools. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/14/2009Prefiled and ordered printed; offered 01/14/09 092872256
01/14/2009Referred to Committee on Finance
01/23/2009Impact statement from TAX (SB1315)
01/27/2009Reported from Finance (16-Y 0-N) (see vote tally)
01/28/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/29/2009Read second time and engrossed
01/30/2009Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/10/2009Impact statement from TAX (SB1315)
02/11/2009Placed on Calendar
02/11/2009Read first time
02/11/2009Referred to Committee on Finance
02/11/2009Assigned Finance sub: 2
02/11/2009Subcommittee recommends reporting
02/16/2009Reported from Finance (22-Y 0-N) (see vote tally)
02/17/2009Read second time
02/18/2009Read third time
02/18/2009Passed House BLOCK VOTE (98-Y 0-N)
02/18/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/23/2009Enrolled
02/23/2009Bill text as passed Senate and House (SB1315ER)
02/24/2009Signed by Speaker
02/25/2009Signed by President
03/27/2009G Approved by Governor-Chapter 528 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0528)