Retail Sales and Use Tax; extends sunset date for exemption of aircraft components. (HB462)

Introduced By

Del. Terry Austin (R-Buchanan) with support from co-patron Del. Dave LaRock (R-Loudoun)

Progress

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

Description

Sales and use tax exemption; aircraft components. Extends the sunset date for the sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts from July 1, 2022, to July 1, 2025. The bill also restricts the exemption for manned systems to aircraft with a maximum takeoff weight of at least 2,400 pounds. This bill is identical to SB 701. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101029D
01/11/2022Referred to Committee on Finance
01/20/2022Impact statement from TAX (HB462)
01/20/2022Assigned Finance sub: Subcommittee #2
01/31/2022House subcommittee amendments and substitutes offered
01/31/2022Subcommittee recommends reporting with substitute (9-Y 0-N)
02/02/2022Committee substitute printed 22105491D-H1
02/02/2022Reported from Finance with substitute (21-Y 0-N) (see vote tally)
02/04/2022Read first time
02/07/2022Read second time
02/07/2022Committee substitute agreed to 22105491D-H1
02/07/2022Engrossed by House - committee substitute HB462H1
02/08/2022Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/08/2022VOTE: Block Vote Passage (98-Y 0-N) (see vote tally)
02/08/2022Reconsideration of passage agreed to by House
02/08/2022Passed House BLOCK VOTE (99-Y 0-N)
02/08/2022VOTE: Block Vote Passage #2 (99-Y 0-N) (see vote tally)
02/09/2022Constitutional reading dispensed
02/09/2022Referred to Committee on Finance and Appropriations
02/14/2022Impact statement from TAX (HB462H1)
02/15/2022Reported from Finance and Appropriations with amendment (16-Y 0-N) (see vote tally)
02/16/2022Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/17/2022Read third time
02/17/2022Reading of amendment waived
02/17/2022Committee amendment agreed to
02/17/2022Engrossed by Senate as amended
02/17/2022Passed Senate with amendment (see vote tally)
02/21/2022Senate amendment agreed to by House (98-Y 0-N)
02/21/2022VOTE: Adoption (98-Y 0-N) (see vote tally)
02/22/2022Enrolled
02/22/2022Bill text as passed House and Senate (HB462ER)
02/22/2022Signed by Speaker
02/22/2022Signed by President
02/23/2022Impact statement from TAX (HB462ER)
02/24/2022VOTE: Adoption (0-Y 0-N) (see vote tally)
02/24/2022Enrolled Bill communicated to Governor on February 24, 2022
03/02/2022G Approved by Governor-Chapter 8 (effective 7/1/22)
03/02/2022G Acts of Assembly Chapter text (CHAP0008)

Duplicate Bills

The following bills are identical to this one: SB701.

Post a Public Comment About this Bill



if you have one


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