Tangible personal property; miscellaneous and incidental property. (SB1243)
Introduced By
Sen. Creigh Deeds (D-Charlottesville)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Tangible personal property; miscellaneous and incidental property. Declares miscellaneous and incidental property with an original cost of less than $250 as a separate classification of tangible personal property. The bill clarifies that when reporting such property, a taxpayer may provide an aggregate estimate of the total value of such property instead of an itemized list. The bill also authorizes a locality to tax such property at a separate rate of taxation not to exceed the rate imposed on general tangible personal property. Read the Bill »
Status
01/27/2015: Merged into SB1127
History
Date | Action |
---|---|
01/14/2015 | Prefiled and ordered printed; offered 01/14/15 15100610D |
01/14/2015 | Referred to Committee on Finance |
01/19/2015 | Impact statement from TAX (SB1243) |
01/27/2015 | Incorporated by Finance (SB1127-Hanger) (14-Y 0-N) (see vote tally) |