Machinery and tools; classification as intangible personal property, exemption from local tax. (HB613)
Introduced By
Del. Bob Purkey (R-Virginia Beach) with support from co-patrons Del. Ben Cline (R-Amherst), Del. Albert Pollard (D-Lively), Del. Ron Villanueva (R-Virginia Beach), Del. Lee Ware (R-Powhatan), and Sen. Frank Wagner (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✗ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Personal property tax; machinery and tools. Classifies new investments in machinery and tools for manufacturing, processing and reprocessing, mining, and television broadcasting made after July 1, 2010, as intangible personal property and not subject to local property tax. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/12/2010 | Committee |
01/12/2010 | Prefiled and ordered printed; offered 01/13/10 10103113D |
01/12/2010 | Referred to Committee on Finance |
01/17/2010 | Impact statement from TAX (HB613) |
01/18/2010 | Assigned Finance sub: #1 |
01/20/2010 | Impact statement from DHCD (HB613) |
02/03/2010 | Subcommittee recommends reporting (7-Y 1-N) |
02/10/2010 | Reported from Finance (18-Y 4-N) (see vote tally) |
02/12/2010 | Read first time |
02/15/2010 | Read second time |
02/15/2010 | Amendments by Delegate Purkey agreed to |
02/15/2010 | Pending question ordered |
02/15/2010 | Engrossed by House as amended HB613E |
02/15/2010 | Printed as engrossed 10103113D-E |
02/16/2010 | Pending question ordered |
02/16/2010 | Read third time and defeated by House (48-Y 51-N) |
02/16/2010 | VOTE: --- DEFEATED (48-Y 51-N) (see vote tally) |
02/16/2010 | Reconsideration of defeated action agreed to by House (51-Y 46-N 1-N) |
02/16/2010 | VOTE: --- RECONSIDER (51-Y 46-N 1-A) (see vote tally) |
02/16/2010 | Defeated by House (48-Y 50-N) |
02/16/2010 | VOTE: --- DEFEATED #2 (48-Y 50-N) (see vote tally) |
02/18/2010 | Impact statement from TAX (HB613E) |
Comments
What do you call the converse of an unfunded mandate?
Isn't this under the purview of the local governing boards? Why not simply let them decide how they want to tax such stuff.