Machinery and tools tax; production of renewable energy. (HB1297)

Introduced By

Del. Sam Rasoul (D-Roanoke) with support from co-patron Del. Marcus Simon (D-Falls Church)

Progress

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

Description

Machinery and tools tax; production of renewable energy. Classifies machinery and tools owned by a business and used directly in producing or generating renewable energy as a separate class of property for tax rate purposes. The bill authorizes each locality to impose a tax on such machinery and tools at a rate less than that generally applicable in the locality to machinery and tools. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
11/05/2014Committee
11/05/2014Prefiled and ordered printed; offered 01/14/15 15100281D
11/05/2014Referred to Committee on Finance
01/18/2015Impact statement from TAX (HB1297)
01/20/2015Assigned Finance sub: Subcommittee #1
01/28/2015Subcommittee recommends reporting (6-Y 0-N)
02/04/2015Reported from Finance (19-Y 1-N) (see vote tally)
02/06/2015Read first time
02/09/2015Read second time and engrossed
02/10/2015Read third time and passed House (88-Y 11-N 1-A)
02/10/2015VOTE: PASSAGE (88-Y 11-N 1-A) (see vote tally)
02/11/2015Constitutional reading dispensed
02/11/2015Referred to Committee on Finance
02/13/2015Impact statement from TAX (HB1297)
02/17/2015Reported from Finance (14-Y 0-N) (see vote tally)
02/18/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/19/2015Read third time
02/19/2015Passed Senate (27-Y 10-N 1-A) (see vote tally)
02/24/2015Enrolled
02/24/2015Bill text as passed House and Senate (HB1297ER)
02/25/2015Signed by Speaker
02/26/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/26/2015Signed by President
02/26/2015Enrolled Bill communicated to Governor on 2/26/15
02/26/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/02/2015Impact statement from TAX (HB1297ER)
03/17/2015G Approved by Governor-Chapter 230 (effective 7/1/15)
03/17/2015G Acts of Assembly Chapter text (CHAP0230)

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 35 seconds.