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HB875

Tangible personal property; automobile assessment.

Status:
Killed

Chief Patron:
Mark Earley, Jr (R)

Session:
2024 Regular Session

Summary

As Introduced. Classification of tangible personal property; automobile assessment.

Provides that, for so long as the Regulation for Low Emissions and Zero Emissions Vehicle Standards remains in effect, the fair market value of an automobile with an internal combustion engine shall be the assessed value of such automobile during tax year 2023 or the tax year in which such vehicle was purchased new, whichever is later. (Less)
  • Bill History

  • 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24103244D
  • 01/09/2024 - House: Referred to Committee on Finance
  • 01/17/2024 - House: Impact statement from TAX (HB875)
  • 01/22/2024 - House: Assigned Finance sub: Subcommittee #2
  • 01/23/2024 - House: House subcommittee amendments and substitutes offered
  • 01/23/2024 - House: Subcommittee recommends laying on the table (5-Y 3-N)
  • 02/13/2024 - House: Left in Finance