Personal property tax; classification. (HB617)
Introduced By
Del. Glenn Davis (R-Virginia Beach) with support from co-patron Del. Ron Villanueva (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Personal property tax; classification. Creates a classification for personal property tax rate purposes of property owned by a business during its first two years of operation, if the business's annual gross revenues do not exceed $100,000. A locality may impose a rate of tax on such property that is lower than the rate on the general class of tangible personal property.
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/07/2014 | Committee |
01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14103193D |
01/07/2014 | Referred to Committee on Finance |
01/16/2014 | Impact statement from TAX (HB617) |
01/17/2014 | Assigned Finance sub: Subcommittee #1 |
01/22/2014 | Subcommittee recommends reporting (7-Y 3-N) |
01/27/2014 | Reported from Finance (17-Y 5-N) (see vote tally) |
01/28/2014 | Read first time |
01/29/2014 | Read second time and engrossed |
01/30/2014 | Read third time and passed House (88-Y 11-N) |
01/30/2014 | VOTE: PASSAGE (88-Y 11-N) (see vote tally) |
01/31/2014 | Constitutional reading dispensed |
01/31/2014 | Referred to Committee on Finance |
02/12/2014 | Impact statement from TAX (HB617) |
02/19/2014 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
02/19/2014 | Committee substitute printed 14105130D-S1 |
02/20/2014 | Constitutional reading dispensed (40-Y 0-N) |
02/21/2014 | Read third time |
02/21/2014 | Reading of substitute waived |
02/21/2014 | Committee substitute agreed to 14105130D-S1 |
02/21/2014 | Engrossed by Senate - committee substitute HB617S1 |
02/21/2014 | Passed Senate with substitute (40-Y 0-N) |
02/24/2014 | Placed on Calendar |
02/25/2014 | Senate substitute agreed to by House 14105130D-S1 (75-Y 18-N 1-A) |
02/25/2014 | VOTE: ADOPTION (75-Y 18-N 1-A) (see vote tally) |
02/25/2014 | Reconsideration of Senate substitute agreed to by House |
02/25/2014 | Passed by for the day |
02/26/2014 | Senate substitute agreed to by House 14105130D-S1 (88-Y 11-N) |
02/26/2014 | VOTE: ADOPTION (88-Y 11-N) (see vote tally) |
03/03/2014 | Enrolled |
03/03/2014 | Bill text as passed House and Senate (HB617ER) |
03/03/2014 | Signed by Speaker |
03/06/2014 | Impact statement from TAX (HB617ER) |
03/06/2014 | Signed by President |
03/31/2014 | G Approved by Governor-Chapter 409 (effective 7/1/14) |
03/31/2014 | G Acts of Assembly Chapter text (CHAP0409) |