Intangible personal property tax; classification of certain machinery and tools. (HB512)

Introduced By

Del. Bob Purkey (R-Virginia Beach) with support from 17 copatrons, whose average partisan position is:

Those copatrons are Del. Dickie Bell (R-Staunton), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Barbara Comstock (R-McLean), Del. Scott Garrett (R-Lynchburg), Del. Tag Greason (R-Potomac Falls), Del. Tim Hugo (R-Centreville), Del. Johnny Joannou (D-Portsmouth), Del. Mark Keam (D-Vienna), Del. Terry Kilgore (R-Gate City), Del. Barry Knight (R-Virginia Beach), Del. Jim LeMunyon (R-Oak Hill), Del. Bob Marshall (R-Manassas), Del. Bob Tata (R-Virginia Beach), Del. Ron Villanueva (R-Virginia Beach), Del. Mike Watson (R-Williamsburg), Sen. Lynwood Lewis (D-Accomac)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Intangible personal property tax; machinery and tools.  Classifies as intangible personal property, and therefore subject solely to state taxation, machinery and tools purchased on or after July 1, 2012, that have not been in service for more than three years. Read the Bill »


02/06/2012: passed committee


01/10/2012Prefiled and ordered printed; offered 01/11/12 12102240D
01/10/2012Referred to Committee on Finance
01/19/2012Impact statement from DHCD (HB0512)
01/20/2012Assigned Finance sub: #1
01/22/2012Impact statement from TAX (HB512)
02/06/2012Subcommittee recommends reporting (8-Y 2-N)
02/06/2012Reported from Finance (18-Y 4-N) (see vote tally)
02/07/2012Read first time
02/08/2012Passed by for the day
02/09/2012Read second time
02/09/2012Passed by for the day
02/10/2012Passed by for the day
02/13/2012Read second time
02/13/2012Pending question ordered
02/13/2012Engrossed by House
02/14/2012Read third time and defeated by House (35-Y 65-N)
02/14/2012VOTE: DEFEATED (35-Y 65-N) (see vote tally)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 13 minutes.

Duplicate Bills

The following bills are identical to this one: SB549.