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. Amends § 58.1-609.12, § 58.1-609.3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2018Prefiled and ordered printed; offered 01/10/18 18100355D
01/08/2018Referred to Committee on Finance
02/05/2018Impact statement from TAX (SB299)
02/08/2018Continued to 2019 in Finance (16-Y 0-N) (see vote tally)
11/30/2018Left in Finance

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