Retail Sales and Use Tax; extends sunset date for exemption of aircraft components. (SB701)

Introduced By

Sen. Jen Kiggans (R-Virginia Beach)

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 HB 462. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/21/2022Presented and ordered printed 22104399D
01/21/2022Referred to Committee on Finance and Appropriations
01/23/2022Impact statement from TAX (SB701)
02/01/2022Senate committee, floor amendments and substitutes offered
02/01/2022Committee substitute printed 22105693D-S1
02/01/2022Reported from Finance and Appropriations with substitute (15-Y 0-N) (see vote tally)
02/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2022Read second time
02/03/2022Reading of substitute waived
02/03/2022Committee substitute agreed to 22105693D-S1
02/03/2022Engrossed by Senate - committee substitute SB701S1
02/04/2022Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/17/2022Impact statement from TAX (SB701S1)
02/18/2022Placed on Calendar
02/18/2022Read first time
02/18/2022Referred to Committee on Finance
02/21/2022Reported from Finance (22-Y 0-N) (see vote tally)
02/23/2022Read second time
02/24/2022Read third time
02/24/2022Passed House BLOCK VOTE (99-Y 0-N)
02/24/2022VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/28/2022Enrolled
02/28/2022Bill text as passed Senate and House (SB701ER)
02/28/2022Signed by President
02/28/2022Signed by Speaker
03/01/2022Impact statement from TAX (SB701ER)
03/11/2022Enrolled Bill Communicated to Governor on March 11, 2022
03/11/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/08/2022G Approved by Governor-Chapter 228 (effective 7/1/22)
04/08/2022G Acts of Assembly Chapter text (CHAP0228)

Duplicate Bills

The following bills are identical to this one: HB462.

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