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2000 SESSION

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HB 857 Sales and use tax allowance; office space investment.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax allowance. Provides an allowance to the beneficial owner of a qualified investment project in an amount equal to the Commonwealth's sales and use tax rate (three and one-half percent) multiplied by the cost of materials purchased for the project. "Qualified investment project" means any real estate improvement project in the Commonwealth commenced after January 1, 1999, that includes at least 1,750,000 square feet of finished office space, is able to accommodate at least 10,000 persons, and has a real estate investment of at least $350,000,000.

FULL TEXT

• 01/24/00  House: Presented & ordered printed 000421828  pdf

HISTORY

• 01/24/00  House: Presented & ordered printed 000421828
• 01/24/00  House: Referred to Committee on Finance
• 01/26/00  House: Assigned to Finance sub-committee: 1
• 02/09/00  House: Passed by indefinitely in Finance (23-Y 0-N)