Taxation, Department of; reports on sales and use tax exemptions. (SB299)
Introduced By
Sen. Tommy Norment (R-Williamsburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Department of Taxation; reports on sales and use tax exemptions. Requires the Department of Taxation (the Department) to report annually to the Chairmen of the House Committee on Appropriations and the House and Senate Committees on Finance regarding the fiscal, economic, and policy impact of each sales and use tax exemption. The review of each exemption shall be performed on a rotation basis. No exemption shall be reviewed more than once every five years, but the exemption for computer purchases for use in data centers shall be reviewed every three years. Taxpayers that purchase tax-exempt computer equipment or enabling software for use in a data center shall submit to the Department every three years a list of its exempt purchases, including purchase prices, made during the previous three taxable years. Read the Bill »
Status
02/08/2018: Failed to Pass in Committee
History
Date | Action |
---|---|
01/08/2018 | Prefiled and ordered printed; offered 01/10/18 18100355D |
01/08/2018 | Referred to Committee on Finance |
02/05/2018 | Impact statement from TAX (SB299) |
02/08/2018 | Continued to 2019 in Finance (16-Y 0-N) (see vote tally) |