Aircraft sales and use tax; exemption for qualified companies headquartered in Virginia. (HB2221)

Introduced By

Del. Glenn Oder (R-Newport News)

Progress

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

Description

Aircraft sales and use tax; exemptions.  Creates an exemption from the aircraft sales and use tax for qualified companies that are headquartered in Virginia, make a minimum of a $4 million capital investment in Virginia, create at least 50 new jobs in Virginia, and enter into a memorandum of agreement with the Virginia Economic Development Partnership. The bill also creates an exemption from the aircraft sales and use tax for aircraft that are purchased in Virginia, but are registered outside of the Commonwealth and removed from the Commonwealth within 60 days of purchase. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2011Committee
01/12/2011Prefiled and ordered printed; offered 01/12/11 11103599D
01/12/2011Referred to Committee on Finance
01/19/2011Assigned Finance sub: #2
01/31/2011Impact statement from TAX (HB2221)
01/31/2011Subcommittee recommends reporting with amendment(s) (6-Y 2-N)
02/02/2011Reported from Finance with substitute (19-Y 2-N) (see vote tally)
02/02/2011Committee substitute printed 11104174D-H1
02/04/2011Read first time
02/07/2011Read second time
02/07/2011Committee substitute agreed to 11104174D-H1
02/07/2011Engrossed by House - committee substitute HB2221H1
02/08/2011Read third time and passed House (85-Y 14-N)
02/08/2011VOTE: PASSAGE (85-Y 14-N) (see vote tally)
02/09/2011Impact statement from TAX (HB2221H1)
02/09/2011Constitutional reading dispensed
02/09/2011Referred to Committee on Finance
02/15/2011Reported from Finance (11-Y 0-N) (see vote tally)
02/16/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/16/2011Read third time
02/16/2011Passed Senate (38-Y 0-N) (see vote tally)
02/16/2011Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/16/2011Passed Senate (40-Y 0-N) (see vote tally)
02/22/2011Enrolled
02/22/2011Bill text as passed House and Senate (HB2221ER)
02/22/2011Signed by Speaker
02/23/2011Impact statement from TAX (HB2221ER)
02/23/2011Signed by President
03/24/2011G Approved by Governor-Chapter 492 (effective 7/1/11)
03/24/2011G Acts of Assembly Chapter text (CHAP0492)