Tangible personal property; miscellaneous and incidental property. (SB1127)
Introduced By
Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Sen. Frank Ruff (R-Clarksville)
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 »
Outcome
History
| Date | Action |
|---|---|
| 01/13/2015 | Prefiled and ordered printed; offered 01/14/15 15102224D |
| 01/13/2015 | Referred to Committee on Finance |
| 01/19/2015 | Impact statement from TAX (SB1127) |
| 01/27/2015 | Reported from Finance with substitute (14-Y 0-N) (see vote tally) |
| 01/27/2015 | Committee substitute printed 15104012D-S1 |
| 01/28/2015 | Incorporates SB1243 |
| 01/28/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
| 01/29/2015 | Read second time |
| 01/29/2015 | Reading of substitute waived |
| 01/29/2015 | Committee substitute agreed to 15104012D-S1 |
| 01/29/2015 | Engrossed by Senate - committee substitute SB1127S1 |
| 01/30/2015 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
| 02/06/2015 | Placed on Calendar |
| 02/06/2015 | Read first time |
| 02/06/2015 | Referred to Committee on Finance |
| 02/09/2015 | Impact statement from TAX (SB1127S1) |
| 02/11/2015 | Reported from Finance (21-Y 0-N) (see vote tally) |
| 02/12/2015 | Read second time |
| 02/13/2015 | Read third time |
| 02/13/2015 | Passed House BLOCK VOTE (97-Y 0-N) |
| 02/13/2015 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
| 02/17/2015 | Enrolled |
| 02/17/2015 | Bill text as passed Senate and House (SB1127ER) |
| 02/17/2015 | Signed by Speaker |
| 02/19/2015 | Impact statement from TAX (SB1127ER) |
| 02/20/2015 | Signed by President |
| 02/23/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
| 02/23/2015 | Enrolled Bill Communicated to Governor on 2/23/15 |
| 02/23/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
| 03/26/2015 | G Approved by Governor-Chapter 593 (effective 7/1/15) |
| 03/26/2015 | G Acts of Assembly Chapter text (CHAP0593) |
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 1 minute.