Merchants' capital tax; classification. (HB119)
Introduced By
Del. Bob Thomas (R-Stafford) with support from co-patron Del. Mark Cole (R-Fredericksburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Merchants' capital tax; classification. Creates a separate class for merchants' capital of any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory. Any locality may impose a tax rate on such inventory that is lower than that applicable generally to merchants' capital. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/15/2017 | Committee |
12/15/2017 | Prefiled and ordered printed; offered 01/10/18 18101758D |
12/15/2017 | Referred to Committee on Finance |
01/13/2018 | Impact statement from TAX (HB119) |
01/23/2018 | Assigned Finance sub: Subcommittee #1 |
01/24/2018 | Subcommittee recommends reporting (9-Y 1-N) |
01/29/2018 | Reported from Finance (22-Y 0-N) |
01/29/2018 | Reported from Finance (21-Y 1-N) (see vote tally) |
01/31/2018 | Read first time |
02/01/2018 | Read second time and engrossed |
02/02/2018 | Read third time and passed House (94-Y 3-N) |
02/02/2018 | VOTE: PASSAGE (94-Y 3-N) (see vote tally) |
02/05/2018 | Constitutional reading dispensed |
02/05/2018 | Referred to Committee on Finance |
02/13/2018 | Impact statement from TAX (HB119) |
02/14/2018 | Reported from Finance (15-Y 0-N) (see vote tally) |
02/15/2018 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/16/2018 | Read third time |
02/16/2018 | Passed Senate (38-Y 0-N) (see vote tally) |
02/19/2018 | Enrolled |
02/19/2018 | Bill text as passed House and Senate (HB119ER) |
02/19/2018 | Signed by Speaker |
02/21/2018 | Signed by President |
02/22/2018 | Enrolled Bill communicated to Governor on 2/22/18 |
02/22/2018 | G Governor's Action Deadline Midnight, March 1, 2018 |
02/26/2018 | Impact statement from TAX (HB119ER) |
02/26/2018 | G Approved by Governor-Chapter 23 (effective 7/1/18) |
02/26/2018 | G Acts of Assembly Chapter text (CHAP0023) |