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SB547

Transient occupancy tax; eligible historic lodging properties.

Status:
Enacted

Chief Patrons:
Creigh Deeds (D)
Emmett Hanger (R)

Session:
2018 Regular Session

Summary

As Introduced. Transient occupancy tax; eligible historic lodging properties.

Authorizes a qualified county to impose, after holding a public hearing, an additional transient occupancy tax not to exceed five percent of the amount of the charge for the occupancy of any room or space occupied at eligible historic lodging properties. An eligible historic lodging property is defined as a structure that (i) contains 450 or more rooms for overnight lodging, (ii) is located on land exceeding 700 acres, and (iii) at least a portion of which was built prior to 1930. A qualified county is one in which at least 40 percent of employment is in accommodations and food services. Any revenue generated by the tax would be used by the local government to incentivize other entities to invest in substantial rehabilitation, renovation, and expansion projects at eligible historic lodging properties. (Less)

  • Bill History

  • 01/09/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18101749D
  • 01/09/2018 - Senate: Referred to Committee on Finance
  • 01/23/2018 - Senate: Reported from Finance (10-Y 2-N 1-A)
  • 01/24/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 01/25/2018 - Senate: Read second time and engrossed
  • 01/26/2018 - Senate: Passed by for the day
  • 01/29/2018 - Senate: Read third time and passed Senate (26-Y 13-N)   Close Floor Vote
  • 01/29/2018 - Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
  • 01/29/2018 - Senate: Passed Senate (25-Y 15-N)   Close Floor Vote
  • 01/31/2018 - House: Placed on Calendar
  • 01/31/2018 - House: Read first time
  • 01/31/2018 - House: Referred to Committee on Finance
  • 02/13/2018 - Senate: Impact statement from TAX (SB547)
  • 02/26/2018 - House: Reported from Finance (18-Y 4-N)
  • 02/27/2018 - House: Read second time
  • 02/28/2018 - House: Read third time
  • 02/28/2018 - House: Passed House (80-Y 19-N)
  • 02/28/2018 - House: VOTE: PASSAGE (80-Y 19-N)
  • 02/28/2018 - House: Reconsideration of House passage agreed to by House
  • 02/28/2018 - House: Passed House (79-Y 20-N)
  • 02/28/2018 - House: VOTE: PASSAGE #2 (79-Y 20-N)
  • 03/05/2018 - Senate: Enrolled
  • 03/05/2018 - Senate: Bill text as passed Senate and House (SB547ER)
  • 03/05/2018 - Senate: Impact statement from TAX (SB547ER)
  • 03/05/2018 - House: Signed by Speaker
  • 03/08/2018 - Senate: Signed by President
  • 03/14/2018 - Senate: Enrolled Bill Communicated to Governor on March 14, 2018
  • 03/14/2018 - Governor: Governor's Action Deadline Midnight, April 9, 2018
  • 03/30/2018 - Governor: Approved by Governor-Chapter 626 (effective 7/1/18)
  • 03/30/2018 - Governor: Acts of Assembly Chapter text (CHAP0626)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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