Retail Sales and Use Tax; refund of tax paid for certain machinery or equipment. (SB924)
Introduced By
Sen. Creigh Deeds (D-Charlottesville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Retail sales and use tax; refund of tax paid for certain machinery or equipment. Provides for a refund of the retail sales and use tax paid on each article of machinery or equipment with a sales price of at least $50,000 if (i) the machinery or equipment is used in a Virginia locality; (ii) the purchaser provides evidence satisfactory to the Tax Commissioner that the machinery or equipment is part of a new investment that will result in the creation of at least 10 additional jobs by the purchaser paying at least the prevailing average wage (and the standard fringe benefits) in the locality in which the machinery or equipment is used; and (iii) the purchaser provides a sales receipt relating to the purchase or lease of the machinery or equipment. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/05/2009 | Prefiled and ordered printed; offered 01/14/09 |
01/05/2009 | Prefiled and ordered printed; offered 01/14/09 091130220 |
01/05/2009 | Referred to Committee on Finance |
01/27/2009 | Impact statement from TAX (SB924) |
02/11/2009 | Left in Finance |