Personal property tax; localities authorized to tax telephone and telegraph companies. (SB428)

Introduced By

Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Sen. Jill Holtzman Vogel (R-Winchester)

Progress

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

Description

Personal property tax; telephone and telegraph companies. Authorizes localities to tax thepersonal property of telephone and telegraph companies not used in furnishing telegraph, telephone, broadband personal, or mobile commercial communication services, at the applicable personal property rate. Under current law, all personal property of telegraph and telephone companies must be taxed at the locality's real property tax rate. The bill also requires telephone and telegraph companies to include in their annual report to the State Corporation Commission separate listings of property according to whether or not it is used in furnishing telegraph, telephone, broadband personal, or mobile commercial communication services. Amends § 58.1-2606, § 58.1-2628, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2014Prefiled and ordered printed; offered 01/08/14 14102603D
01/07/2014Referred to Committee on Finance
01/16/2014Impact statement from SCC (SB428)
01/23/2014Impact statement from SCC (SB428)
01/28/2014Committee substitute printed to Web only 14104457D-S1
01/28/2014Continued to 2015 in Finance (14-Y 0-N) (see vote tally)
02/05/2014Impact statement from SCC (SB428S1)

Comments

Waldo Jaquith writes:

It's a shame this failed—think of all the revenue that localities could have gotten from telegraph companies.