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2001 SESSION
SJ 387 Study; tax code.
Introduced by: Emmett W. Hanger, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Study; Revision of the state tax code. Establishes a joint subcommittee to study the complete revision of the state tax code. The joint subcommittee shall ensure that Virginia's tax code is fair, uniform, understandable, and contemporary. The joint subcommittee shall perform the following: (i) examine the report and recommendations of the Commission on Virginia's State and Local Tax Structure for the 21st Century; (ii) seek broad input from all levels of government, the private sector, and citizens concerning the sufficiency of the Commonwealth's current tax system; (iii) consider the necessity and sufficiency of current taxes, fees, deductions and credits as well as the rates of taxation; (iv) consider current revenue capacity of localities and the sufficiency of their revenue tools; (v) clarify the definition of manufacturer for purposes of the business, professional, and occupational license tax; (vi) examine other states with similar business license taxes and determine how manufacturers are defined and treated; (vii) confer with the commissioners of the revenue and manufacturers throughout the Commonwealth concerning issues pertaining to business, professional, and occupational license tax; (viii) examine the number of tax credits authorized each year; (ix) determine the loss in sales tax due to Internet purchases; (x) examine the extent to which the tax appeal process is unfair or is perceived reasonably to be unfair; (xi) evaluate the potential financial effect upon localities and the burdens upon assessors of changes to the tax appeal system; and (xii) identify the benefits of changing the tax appeal system, and recommend any changes to the tax appeal system, including standards and burdens of proof, that will result in a more fair and balanced tax assessment system, including recommendations for minimizing any adverse financial effect upon localities. The aforementioned objectives represent the incorporation of HJR 782 (Reid) and certain requests of the House Rules Committee. The joint subcommittee must report its findings and recommendations by November 30, 2002 to the Virginia Code Commission, and to the Governor and the 2003 Session of the General Assembly.
FULL TEXT
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 013164432 pdf
- 02/05/01 Senate: Committee substitute printed 017952432-S1 pdf
- 02/20/01 House: Committee substitute printed 014410432-H1 pdf
- 02/26/01 Senate: Bill text as passed Senate and House (SJ387ER) pdf
HISTORY
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 013164432
- 01/10/01 Senate: Referred to Committee on Rules
- 02/05/01 Senate: Reported from Rules with substitute by voice vote
- 02/05/01 Senate: Committee substitute printed 017952432-S1
- 02/06/01 Senate: Rules suspended (40-Y 0-N)
- 02/06/01 Senate: VOTE: SUSPEND THE RULES R (40-Y 0-N)
- 02/06/01 Senate: Reading waived
- 02/06/01 Senate: Rules suspended (40-Y 0-N)
- 02/06/01 Senate: VOTE: SUSPEND THE RULES R (40-Y 0-N)
- 02/06/01 Senate: Reading waived
- 02/06/01 Senate: Reading of substitute waived
- 02/06/01 Senate: Committee substitute agreed to 017952432-S1
- 02/06/01 Senate: Engrossed by Senate - committee substitute 017952432-S1
- 02/06/01 Senate: Rules suspended (40-Y 0-N)
- 02/06/01 Senate: VOTE: SUSPEND THE RULES R (40-Y 0-N)
- 02/06/01 Senate: Reading waived
- 02/06/01 Senate: Agreed to by Senate by voice vote
- 02/06/01 Senate: Communicated to House
- 02/09/01 House: Placed on Calendar
- 02/09/01 House: Referred to Committee on Rules
- 02/19/01 House: Reported from Rules with substitute (16-Y 0-N)
- 02/20/01 House: Committee substitute printed 014410432-H1
- 02/21/01 House: Taken up
- 02/21/01 House: Committee substitute agreed to 014410432-H1
- 02/21/01 House: Engrossed by House - committee substitute 014410432-H1
- 02/21/01 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/21/01 House: Agreed to by House with substitute BLOCK VOTE (100-Y 0-N)
- 02/21/01 House: Reconsideration of House passage agreed to by House
- 02/21/01 House: VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N)
- 02/21/01 House: Agreed to by House with substitute BLOCK VOTE (100-Y 0-N)
- 02/22/01 Senate: House substitute agreed to by Senate by voice vote
- 02/26/01 Senate: Bill text as passed Senate and House (SJ387ER)
- 08/09/01 Senate: Study Committee Members Appointed