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2002 SESSION

• | print version

HB 647 Real Estate Cooperative Act; taxation.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Real Estate Cooperative Act; taxation. Provides that a residential cooperative association shall not be deemed to be a business for certain state and local taxation purposes. Also, the bill requires that any tangible personal property owned by such associations that would be considered household goods and personal effects if owned by an individual to be considered as such for local property tax purposes. The bill also classifies certain tangible personal property of residential cooperative associations as household goods and personal effects making such property eligible for exemption from local tangible personal property taxes.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021152946  pdf | impact statement
• 01/30/02  House: Printed as engrossed 021152946-E  pdf | impact statement
• 02/13/02  House: Bill text as passed House and Senate (HB647ER)  pdf | impact statement
• 02/27/02  Governor: Acts of Assembly Chapter text (CHAP0034)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 021152946
• 01/09/02  House: Referred to Committee on Finance
• 01/21/02  House: Assigned to Finance sub-committee: 2
• 01/28/02  House: Reported from Finance with amd (22-Y 0-N)
• 01/29/02  House: Read first time
• 01/30/02  House: Read second time
• 01/30/02  House: Committee amendment agreed to
• 01/30/02  House: Engrossed by House as amended
• 01/30/02  House: Printed as engrossed 021152946-E
• 01/31/02  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 01/31/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 01/31/02  House: Communicated to Senate
• 02/01/02  Senate: Constitutional reading dispensed
• 02/01/02  Senate: Referred to Committee on Finance
• 02/06/02  Senate: Reported from Finance (16-Y 0-N)
• 02/07/02  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/07/02  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/08/02  Senate: Read third time
• 02/08/02  Senate: Passed Senate (40-Y 0-N)
• 02/08/02  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/13/02  House: Bill text as passed House and Senate (HB647ER)
• 02/13/02  House: Enrolled
• 02/13/02  House: Signed by Speaker
• 02/13/02  Senate: Signed by President
• 02/22/02  Governor: Approved by Governor-Chapter 34 (effective 7/1/02)
• 02/27/02  Governor: Acts of Assembly Chapter text (CHAP0034)