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

DateAction
01/14/2009Presented and ordered printed 091935348
01/14/2009Referred to Committee on Finance
01/25/2009Impact statement from TAX (SB1419)
02/05/2009Reported from Finance with substitute (8-Y 7-N) (see vote tally)
02/05/2009Committee substitute printed 096023348-S1
02/09/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Impact statement from TAX (SB1419S1)
02/10/2009Read second time
02/10/2009Reading of substitute waived
02/10/2009Committee substitute agreed to 096023348-S1
02/10/2009Engrossed by Senate - committee substitute SB1419S1
02/10/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Passed Senate (34-Y 5-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Finance
02/16/2009Reported from Finance with substitute (17-Y 4-N) (see vote tally)
02/16/2009Committee substitute printed 092641692-H1
02/17/2009Read second time
02/18/2009Passed by for the day
02/19/2009Passed by for the day
02/20/2009Passed by for the day
02/23/2009Passed by for the day
02/24/2009Passed by temporarily
02/24/2009Read third time
02/24/2009Committee substitute rejected 092641692-H1
02/24/2009Floor substitute printed 092651784-H2 (Hugo)
02/24/2009Substitute by Delegate Hugo agreed to 092651784-H2
02/24/2009Engrossed by House - floor substitute SB1419H2
02/24/2009Passed House with substitute (99-Y 0-N)
02/24/2009VOTE: --- PASSAGE (99-Y 0-N) (see vote tally)
02/25/2009House substitute agreed to by Senate (36-Y 0-N) (see vote tally)
02/25/2009Title replaced 092651784-H2
03/09/2009Enrolled
03/09/2009Bill text as passed Senate and House (SB1419ER)
03/10/2009Signed by President
03/11/2009Signed by Speaker
03/20/2009Impact statement from TAX (SB1419ER)
03/30/2009G Approved by Governor-Chapter 692 (effective 1/1/09)
03/30/2009G 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.

Duplicate Bills

The following bills are identical to this one: HB2472.