Retail Sales and Use Tax; agricultural exemptions. (SB332)

Introduced By

Sen. Mark Peake (R-Lynchburg) with support from co-patrons Del. James Edmunds (R-South Boston), Del. Matt Fariss (R-Rustburg), and Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

Retail sales and use tax; agricultural exemptions. Amends the existing exemption from sales tax for agricultural produce and eggs sold at a farmers market or roadside stand. Currently, the exemption applies only if the individual selling the produce or eggs has an annual income from such sales of no more than $1,000. The bill raises this annual income cap to $2,500. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2018Prefiled and ordered printed; offered 01/10/18 18100145D
01/08/2018Referred to Committee on Finance
01/13/2018Impact statement from TAX (SB332)
01/17/2018Reported from Finance (15-Y 0-N) (see vote tally)
01/18/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/19/2018Read second time and engrossed
01/22/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/29/2018Placed on Calendar
01/29/2018Read first time
01/29/2018Referred to Committee on Finance
02/09/2018Impact statement from TAX (SB332)
02/20/2018Assigned Finance sub: Subcommittee #1
02/21/2018Subcommittee recommends reporting (10-Y 0-N)
02/26/2018Reported from Finance (22-Y 0-N) (see vote tally)
02/27/2018Read second time
02/28/2018Taken up out of order pursuant to House Rule 52 (96-Y 0-N)
02/28/2018VOTE: AGREE TO MOTION (96-Y 0-N) (see vote tally)
02/28/2018Read third time
02/28/2018Passed House (97-Y 0-N)
02/28/2018VOTE: PASSAGE (97-Y 0-N) (see vote tally)
03/01/2018Enrolled
03/01/2018Bill text as passed Senate and House (SB332ER)
03/01/2018Signed by Speaker
03/02/2018Impact statement from TAX (SB332ER)
03/03/2018Signed by President
03/05/2018Signed by President
03/06/2018Enrolled Bill Communicated to Governor on March 6, 2018
03/06/2018G Governor's Action Deadline Midnight, April 9, 2018
03/19/2018G Approved by Governor-Chapter 362 (effective 7/1/18)
03/19/2018G Acts of Assembly Chapter text (CHAP0362)

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 38 seconds.

Transcript

This is a transcript of the video clips in which this bill is discussed.

tax agricultural exemptions. Reported from the committee on finance. >> the delegate from car line, delegate orrock. all this dose is take the current $1,000 cap on sales at farmer's market of produce and other items tax exempt and raises that to $2,500. I move the passage of the bill.

Del. Bobby Orrock (R-Thornburg): shall the bill pass? the clerk will close the roll.

[Unknown]: ayes 97, nos 0. >> ayes 97, nos 0. The bill passs. next revenue bill before us