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
History
| Date | Action |
|---|---|
| 01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14102603D |
| 01/07/2014 | Referred to Committee on Finance |
| 01/16/2014 | Impact statement from SCC (SB428) |
| 01/23/2014 | Impact statement from SCC (SB428) |
| 01/28/2014 | Committee substitute printed to Web only 14104457D-S1 |
| 01/28/2014 | Continued to 2015 in Finance (14-Y 0-N) (see vote tally) |
| 02/05/2014 | Impact statement from SCC (SB428S1) |
Comments
It's a shame this failed—think of all the revenue that localities could have gotten from telegraph companies.