Retail Sales and Use Tax; exemption includes gold, silver, and platinum bullion. (HB207)

Introduced By

Del. Jackson Miller (R-Manassas) with support from co-patron Del. Mark Keam (D-Vienna)

Progress

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

Description

Sales and use tax exemption; gold, silver, and platinum bullion.  Exempts from sales and use tax gold, silver, or platinum bullion whose sales price exceeds $1,000. The bill has a sunset date of June 30, 2015. Amends § 58.1-609.1, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2012Prefiled and ordered printed; offered 01/11/12 12101378D
01/09/2012Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #1
02/08/2012Subcommittee recommends reporting (9-Y 2-N)
02/10/2012Reported from Finance (20-Y 1-N) (see vote tally)
02/12/2012Read first time
02/13/2012Read second time and engrossed
02/14/2012Read third time and passed House (97-Y 2-N)
02/14/2012VOTE: PASSAGE (97-Y 2-N) (see vote tally)
02/15/2012Constitutional reading dispensed
02/15/2012Referred to Committee on Finance
02/22/2012Impact statement from TAX (HB207)
02/28/2012Continued to 2013 in Finance (11-Y 2-N) (see vote tally)
10/31/2012Fiscal impact review from JLARC (HB207)
11/30/2012Left in Finance
12/13/2012Fiscal impact review from JLARC (HB207)