Daily rental property tax; definition. (SB1419)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Merchants' capital tax. Deems rented merchants' capital under contracts giving both the lessor and the lessee the right to terminate at any time to be daily rental property. Under current law, persons engaged in the short-term rental business cannot be taxed in an amount that exceeds one percent of the gross proceeds from daily rental property. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/14/2009 | Presented and ordered printed 091935348 |
01/14/2009 | Referred to Committee on Finance |
01/25/2009 | Impact statement from TAX (SB1419) |
02/05/2009 | Reported from Finance with substitute (8-Y 7-N) (see vote tally) |
02/05/2009 | Committee substitute printed 096023348-S1 |
02/09/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/10/2009 | Impact statement from TAX (SB1419S1) |
02/10/2009 | Read second time |
02/10/2009 | Reading of substitute waived |
02/10/2009 | Committee substitute agreed to 096023348-S1 |
02/10/2009 | Engrossed by Senate - committee substitute SB1419S1 |
02/10/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/10/2009 | Passed Senate (34-Y 5-N) (see vote tally) |
02/13/2009 | Placed on Calendar |
02/13/2009 | Read first time |
02/13/2009 | Referred to Committee on Finance |
02/16/2009 | Reported from Finance with substitute (17-Y 4-N) (see vote tally) |
02/16/2009 | Committee substitute printed 092641692-H1 |
02/17/2009 | Read second time |
02/18/2009 | Passed by for the day |
02/19/2009 | Passed by for the day |
02/20/2009 | Passed by for the day |
02/23/2009 | Passed by for the day |
02/24/2009 | Passed by temporarily |
02/24/2009 | Read third time |
02/24/2009 | Committee substitute rejected 092641692-H1 |
02/24/2009 | Floor substitute printed 092651784-H2 (Hugo) |
02/24/2009 | Substitute by Delegate Hugo agreed to 092651784-H2 |
02/24/2009 | Engrossed by House - floor substitute SB1419H2 |
02/24/2009 | Passed House with substitute (99-Y 0-N) |
02/24/2009 | VOTE: --- PASSAGE (99-Y 0-N) (see vote tally) |
02/25/2009 | House substitute agreed to by Senate (36-Y 0-N) (see vote tally) |
02/25/2009 | Title replaced 092651784-H2 |
03/09/2009 | Enrolled |
03/09/2009 | Bill text as passed Senate and House (SB1419ER) |
03/10/2009 | Signed by President |
03/11/2009 | Signed by Speaker |
03/20/2009 | Impact statement from TAX (SB1419ER) |
03/30/2009 | G Approved by Governor-Chapter 692 (effective 1/1/09) |
03/30/2009 | G Acts of Assembly Chapter text (CHAP0692) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 9 minutes.