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. Amends § 58.1-1101, § 58.1-1103, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19100585D
01/08/2019Referred to Committee on Finance
01/18/2019Assigned Finance sub: Subcommittee #2
01/18/2019Impact statement from DHCD/CLG (HB2440)
01/19/2019Impact statement from TAX (HB2440)
01/23/2019Subcommittee recommends reporting (6-Y 0-N)
01/30/2019Reported from Finance (19-Y 1-N) (see vote tally)
02/01/2019Read first time
02/04/2019Read second time and engrossed
02/05/2019Read third time and passed House (97-Y 1-N)
02/05/2019VOTE: PASSAGE (97-Y 1-N) (see vote tally)
02/06/2019Constitutional reading dispensed
02/06/2019Referred to Committee on Finance
02/12/2019Reported from Finance (16-Y 0-N) (see vote tally)
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed Senate
02/14/2019Read third time
02/14/2019Passed Senate (40-Y 0-N) (see vote tally)
02/19/2019Enrolled
02/19/2019Bill text as passed House and Senate (HB2440ER)
02/19/2019Signed by Speaker
02/20/2019Signed by President
02/21/2019G Governor's Action Deadline Midnight, March 25, 2019
02/21/2019Impact statement from TAX (HB2440ER)
02/21/2019Enrolled Bill communicated to Governor on February 21, 2019
02/21/2019G Governor's Action Deadline Midnight, March 26, 2019
03/08/2019G Approved by Governor-Chapter 255 (effective 7/1/19)
03/08/2019G Acts of Assembly Chapter text (CHAP0255)

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)