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HB2440

Intangible personal property; classification and exemption of certain business property.

Status:
Enacted

Chief Patron:
Ronnie Campbell (R)

Session:
2019 Regular Session

Summary

As introduced. Intangible personal property; classification and exemption of certain business property.

Classifies as intangible property, and exempts from taxation, personal property that is employed in a trade or business, has an original cost of less than $25, and is not classified as machinery and tools, merchants' capital, or short-term rental property.
  • Bill History

  • 01/08/2019 - House: Prefiled and ordered printed; offered 01/09/19 19100585D
  • 01/08/2019 - House: Referred to Committee on Finance
  • 01/18/2019 - House: Assigned Finance sub: Subcommittee #2
  • 01/18/2019 - House: Impact statement from DHCD/CLG (HB2440)
  • 01/19/2019 - House: Impact statement from TAX (HB2440)
  • 01/23/2019 - House: Subcommittee recommends reporting (6-Y 0-N)
  • 01/30/2019 - House: Reported from Finance (19-Y 1-N)
  • 02/01/2019 - House: Read first time
  • 02/04/2019 - House: Read second time and engrossed
  • 02/05/2019 - House: Read third time and passed House (97-Y 1-N)
  • 02/05/2019 - House: VOTE: PASSAGE (97-Y 1-N)
  • 02/06/2019 - Senate: Constitutional reading dispensed
  • 02/06/2019 - Senate: Referred to Committee on Finance
  • 02/12/2019 - Senate: Reported from Finance (16-Y 0-N)
  • 02/13/2019 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/14/2019 - Senate: Read third time
  • 02/14/2019 - Senate: Passed Senate (40-Y 0-N)
  • 02/19/2019 - House: Enrolled
  • 02/19/2019 - House: Bill text as passed House and Senate (HB2440ER)
  • 02/19/2019 - House: Signed by Speaker
  • 02/20/2019 - Senate: Signed by President
  • 02/21/2019 - House: Impact statement from TAX (HB2440ER)
  • 02/21/2019 - House: Enrolled Bill communicated to Governor on February 21, 2019
  • 02/21/2019 - Governor: Governor's Action Deadline Midnight, March 26, 2019
  • 03/08/2019 - Governor: Approved by Governor-Chapter 255 (effective 7/1/19)
  • 03/08/2019 - Governor: Acts of Assembly Chapter text (CHAP0255)