Intangible personal property; classification and exemption of certain business property. (HB2440)
Introduced By
Del. Ronnie Campbell (R-Raphine) with support from co-patron Del. Glenn Davis (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Intangible personal property; classification and exemption of certain business property. Classifies as intangible property, and exempts from taxation, personal property that is employed in a trade or business, has an original cost of less than $25, and is not classified as machinery and tools, merchants' capital, or short-term rental property. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/08/2019 | Committee |
| 01/08/2019 | Prefiled and ordered printed; offered 01/09/19 19100585D |
| 01/08/2019 | Referred to Committee on Finance |
| 01/18/2019 | Assigned Finance sub: Subcommittee #2 |
| 01/18/2019 | Impact statement from DHCD/CLG (HB2440) |
| 01/19/2019 | Impact statement from TAX (HB2440) |
| 01/23/2019 | Subcommittee recommends reporting (6-Y 0-N) |
| 01/30/2019 | Reported from Finance (19-Y 1-N) (see vote tally) |
| 02/01/2019 | Read first time |
| 02/04/2019 | Read second time and engrossed |
| 02/05/2019 | Read third time and passed House (97-Y 1-N) |
| 02/05/2019 | VOTE: PASSAGE (97-Y 1-N) (see vote tally) |
| 02/06/2019 | Constitutional reading dispensed |
| 02/06/2019 | Referred to Committee on Finance |
| 02/12/2019 | Reported from Finance (16-Y 0-N) (see vote tally) |
| 02/13/2019 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/14/2019 | Passed Senate |
| 02/14/2019 | Read third time |
| 02/14/2019 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/19/2019 | Enrolled |
| 02/19/2019 | Bill text as passed House and Senate (HB2440ER) |
| 02/19/2019 | Signed by Speaker |
| 02/20/2019 | Signed by President |
| 02/21/2019 | G Governor's Action Deadline Midnight, March 25, 2019 |
| 02/21/2019 | Impact statement from TAX (HB2440ER) |
| 02/21/2019 | Enrolled Bill communicated to Governor on February 21, 2019 |
| 02/21/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
| 03/08/2019 | G Approved by Governor-Chapter 255 (effective 7/1/19) |
| 03/08/2019 | G Acts of Assembly Chapter text (CHAP0255) |