Personal property tax; classification. (HB617)

Introduced By

Del. Glenn Davis (R-Virginia Beach) with support from co-patron Del. Ron Villanueva (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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.


Bill Has Passed


01/07/2014Prefiled and ordered printed; offered 01/08/14 14103193D
01/07/2014Referred to Committee on Finance
01/16/2014Impact statement from TAX (HB617)
01/17/2014Assigned Finance sub: Subcommittee #1
01/22/2014Subcommittee recommends reporting (7-Y 3-N)
01/27/2014Reported from Finance (17-Y 5-N) (see vote tally)
01/28/2014Read first time
01/29/2014Read second time and engrossed
01/30/2014Read third time and passed House (88-Y 11-N)
01/30/2014VOTE: PASSAGE (88-Y 11-N) (see vote tally)
01/31/2014Constitutional reading dispensed
01/31/2014Referred to Committee on Finance
02/12/2014Impact statement from TAX (HB617)
02/19/2014Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/19/2014Committee substitute printed 14105130D-S1
02/20/2014Constitutional reading dispensed (40-Y 0-N)
02/21/2014Read third time
02/21/2014Reading of substitute waived
02/21/2014Committee substitute agreed to 14105130D-S1
02/21/2014Engrossed by Senate - committee substitute HB617S1
02/21/2014Passed Senate with substitute (40-Y 0-N)
02/24/2014Placed on Calendar
02/25/2014Senate substitute agreed to by House 14105130D-S1 (75-Y 18-N 1-A)
02/25/2014VOTE: ADOPTION (75-Y 18-N 1-A) (see vote tally)
02/25/2014Reconsideration of Senate substitute agreed to by House
02/25/2014Passed by for the day
02/26/2014Senate substitute agreed to by House 14105130D-S1 (88-Y 11-N)
02/26/2014VOTE: ADOPTION (88-Y 11-N) (see vote tally)
03/03/2014Bill text as passed House and Senate (HB617ER)
03/03/2014Signed by Speaker
03/06/2014Impact statement from TAX (HB617ER)
03/06/2014Signed by President
03/31/2014G Approved by Governor-Chapter 409 (effective 7/1/14)
03/31/2014G Acts of Assembly Chapter text (CHAP0409)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 4 minutes.