License, local and local machinery and tools taxes; Commonwealth to pay on behalf of taxpayers. (SB112)

Introduced By

Sen. Bill Stanley (R-Moneta)

Progress

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

Description

Local license tax and local machinery and tools tax. Provides that the Commonwealth pay on behalf of taxpayers the total amount of license taxes and machinery and tool taxes owed to a locality for any calendar year in which the locality has an annual unemployment rate that is equal to or greater than twice the statewide average. Such payments to a locality shall continue until the applicable locality's annual unemployment rate is equal to or less than the statewide average. Read the Bill »

Status

01/15/2014: Failed to Pass in Committee

History

DateAction
12/27/2013Prefiled and ordered printed; offered 01/08/14 14103086D
12/27/2013Referred to Committee on Finance
01/13/2014Impact statement from TAX (SB112)
01/15/2014Passed by indefinitely in Finance with letter (15-Y 0-N) (see vote tally)