Tangible personal property; miscellaneous and incidental property. (SB1243)

Introduced By

Sen. Creigh Deeds (D-Bath)

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

DateAction
01/14/2015Prefiled and ordered printed; offered 01/14/15 15100610D
01/14/2015Referred to Committee on Finance
01/19/2015Impact statement from TAX (SB1243)
01/27/2015Incorporated by Finance (SB1127-Hanger) (14-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: SB1127.