HB 741 Intangible personal property tax; equipment as capital.
Jay W. DeBoer | all patrons    ...    notes
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Summary:
Intangible personal property tax; equipment as capital. Includes office furniture, fixtures, office equipment and computer equipment, used in the headquarters of a manufacturer, under the classification of capital which is personal property, tangible in fact, but is treated as intangible for tax purposes and therefore not subject to local personal property tax. This bill codifies the Virginia Supreme Court's holding in City of Winchester v. American Woodmark Corp.

Full text:
01/22/96  House: Presented & ordered printed 966570200  pdf
03/15/96  House: Bill text as passed House and Senate (HB741ER)  pdf
04/11/96  Governor: Acts of Assembly Chapter text (CHAP0622)  pdf

Status:
01/22/96  House: Presented & ordered printed 966570200
01/22/96  House: Referred to Committee on Finance
01/24/96  House: Assigned to Finance sub-committee: 1
02/10/96  House: Reported from Finance (22-Y 0-N)
02/10/96  House: Read first time
02/12/96  House: Read second time and engrossed
02/13/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
02/13/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/13/96  House: Communicated to Senate
02/14/96  Senate: Read first time
02/14/96  Senate: Referred to Committee on Finance
02/28/96  Senate: Reported from Finance (17-Y 0-N)
02/29/96  Senate: Constitutional reading dispensed (39-Y 0-N)
02/29/96  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
03/01/96  Senate: Read third time
03/01/96  Senate: Passed Senate (40-Y 0-N)
03/01/96  Senate: VOTE: PASSAGE (40-Y 0-N)
03/15/96  House: Bill text as passed House and Senate (HB741ER)
03/20/96  House: Enrolled
03/21/96  Senate: Signed by President
03/22/96  House: Signed by Speaker
04/05/96  Governor: Approved by Governor-Chapter 622 (effective 7/1/96)
04/11/96  Governor: Acts of Assembly Chapter text (CHAP0622)