Real and personal property tax exemption; aviation museum. (SB508)

Introduced By

Sen. Frank Wagner (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

Real and personal property tax exemption; aviation museum. Permits any locality to exempt any real or personal property the legal title to which is not held by a nonprofit entity but is subject to the sole use and occupancy of a nonprofit entity, as long as the nonprofit entity uses such property solely to (i) exhibit or display certain military aircraft to the general public or (ii) use such aircraft for educational purposes. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Prefiled and ordered printed; offered 01/08/14 14100681D
01/08/2014Referred to Committee on Finance
01/16/2014Impact statement from TAX (SB508)
01/21/2014Reported from Finance with amendment (15-Y 0-N) (see vote tally)
01/22/2014Constitutional reading dispensed (37-Y 0-N)
01/23/2014Read second time
01/23/2014Reading of amendment waived
01/23/2014Committee amendment agreed to
01/23/2014Engrossed by Senate as amended SB508E
01/23/2014Printed as engrossed 14100681D-E
01/24/2014Read third time and passed Senate (37-Y 0-N)
01/31/2014Placed on Calendar
01/31/2014Read first time
01/31/2014Referred to Committee on Finance
02/12/2014Impact statement from TAX (SB508E)
02/17/2014Reported from Finance (21-Y 0-N) (see vote tally)
02/18/2014Read second time
02/19/2014Read third time
02/19/2014Passed House BLOCK VOTE (99-Y 0-N)
02/19/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/21/2014Enrolled
02/21/2014Bill text as passed Senate and House (SB508ER)
02/21/2014Signed by Speaker
02/23/2014Signed by President
02/24/2014Impact statement from TAX (SB508ER)
03/05/2014G Approved by Governor-Chapter 185 (effective 7/1/14)
03/05/2014G Acts of Assembly Chapter text (CHAP0185)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.