Sales and use tax; exemption includes gold, silver, & platinum whose sales price exceeds $1,000. (SB1336)

Introduced By

Sen. Frank Wagner (R-Virginia Beach) with support from co-patron Sen. Jill Holtzman Vogel (R-Winchester)

Progress

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

Description

Sales and use tax exemption; bullion. Exempts from sales and use tax legal tender and gold, silver, and platinum bullion. The provisions of the bill exempting gold, silver, and platinum bullion expire July 1, 2020. Amends § 58.1-602, § 58.1-609.1, of the Code of Virginia.

Outcome

Bill Has Passed

History

DateAction
01/16/2015Presented and ordered printed 15103440D
01/16/2015Referred to Committee on Finance
01/25/2015Impact statement from TAX (SB1336)
01/28/2015Reported from Finance with substitute (14-Y 0-N) (see vote tally)
01/28/2015Committee substitute printed 15104322D-S1
01/29/2015Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/30/2015Read second time
01/30/2015Reading of substitute waived
01/30/2015Committee substitute agreed to 15104322D-S1
01/30/2015Engrossed by Senate - committee substitute SB1336S1
02/02/2015Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/02/2015Reconsideration of passage agreed to by Senate (37-Y 0-N) (see vote tally)
02/02/2015Passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on Finance
02/10/2015Impact statement from TAX (SB1336S1)
02/11/2015Reported from Finance (21-Y 0-N) (see vote tally)
02/12/2015Read second time
02/13/2015Read third time
02/13/2015Passed House BLOCK VOTE (97-Y 0-N)
02/13/2015VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/17/2015Enrolled
02/17/2015Bill text as passed Senate and House (SB1336ER)
02/17/2015Signed by Speaker
02/19/2015Impact statement from TAX (SB1336ER)
02/20/2015Signed by President
02/23/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/23/2015Enrolled Bill Communicated to Governor on 2/23/15
02/23/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/26/2015G Approved by Governor-Chapter 629 (effective 7/1/15)
03/26/2015G Acts of Assembly Chapter text (CHAP0629)

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 45 seconds.