Intangible personal property tax; classification of certain machinery and tools. (HB1437)
Introduced By
Del. Bob Purkey (R-Virginia Beach)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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, 2013, that have not been in service for more than three years. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 12/20/2012 | Committee |
| 12/20/2012 | Prefiled and ordered printed; offered 01/09/13 13100654D |
| 12/20/2012 | Referred to Committee on Finance |
| 01/06/2013 | Impact statement from TAX (HB1437) |
| 01/14/2013 | Assigned Finance sub: #2 |
| 01/14/2013 | Assigned Finance sub: #3 |
| 01/25/2013 | Subcommittee failed to recommend reporting (2-Y 2-N) |
| 02/05/2013 | Left in Finance |