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SB879

Intangible personal property; personal property used in manufacturing.

Status:
In Senate

Chief Patron:
Ben Chafin (R)

Session:
2018 Regular Session

Summary

As Introduced. Intangible personal property; personal property used in manufacturing.

Clarifies that personal property used directly in manufacturing in the locality in which the tax is assessed is classified as intangible personal property. Current law does not require that the property be used directly in manufacturing in order to be considered intangible, nor does it require that the property be in the locality in which manufacturing actually occurs. (Less)

  • Bill History

  • 01/18/2018 - Senate: Presented and ordered printed 18105039D
  • 01/18/2018 - Senate: Referred to Committee on Finance
  • 01/21/2018 - Senate: Impact statement from TAX (SB879)
  • 01/30/2018 - Senate: Continued to 2019 in Finance (14-Y 0-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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