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HB119

Merchants' capital tax; classification.

Status:
Enacted

Chief Patron:
Bob Thomas (R)

Session:
2018 Regular Session

Summary

As Introduced. Merchants' capital tax; classification.

Creates a separate class for merchants' capital of any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory. Any locality may impose a tax rate on such inventory that is lower than that applicable generally to merchants' capital. (Less)

  • Bill History

  • 12/15/2017 - House: Prefiled and ordered printed; offered 01/10/18 18101758D
  • 12/15/2017 - House: Referred to Committee on Finance
  • 01/23/2018 - House: Assigned Finance sub: Subcommittee #1
  • 01/24/2018 - House: Subcommittee recommends reporting (9-Y 1-N)
  • 01/29/2018 - House: Reported from Finance (21-Y 1-N)
  • 01/31/2018 - House: Read first time
  • 02/01/2018 - House: Read second time and engrossed
  • 02/02/2018 - House: Read third time and passed House (94-Y 3-N)
  • 02/02/2018 - House: VOTE: PASSAGE (94-Y 3-N)
  • 02/05/2018 - Senate: Constitutional reading dispensed
  • 02/05/2018 - Senate: Referred to Committee on Finance
  • 02/13/2018 - House: Impact statement from TAX (HB119)
  • 02/14/2018 - Senate: Reported from Finance (15-Y 0-N)
  • 02/15/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/16/2018 - Senate: Read third time
  • 02/16/2018 - Senate: Passed Senate (38-Y 0-N)
  • 02/19/2018 - House: Enrolled
  • 02/19/2018 - House: Bill text as passed House and Senate (HB119ER)
  • 02/19/2018 - House: Signed by Speaker
  • 02/21/2018 - Senate: Signed by President
  • 02/22/2018 - House: Enrolled Bill communicated to Governor on 2/22/18
  • 02/22/2018 - Governor: Governor's Action Deadline Midnight, March 1, 2018
  • 02/26/2018 - House: Impact statement from TAX (HB119ER)
  • 02/26/2018 - Governor: Approved by Governor-Chapter 23 (effective 7/1/18)
  • 02/26/2018 - Governor: Acts of Assembly Chapter text (CHAP0023)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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