SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2006 SESSION
HB 509 Retail sales and use tax; exemption on clothing, school supplies, computers and sports equipment.
Introduced by: Ward L. Armstrong | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Sales and use tax exemption; clothing, school supplies, computers, and sport or recreational equipment. Provides a sales and use tax exemption for purchases made during a three-day period each year beginning the first Friday in August of the following items: (i) clothing with a sales price of $100 or less per item; (ii) school supplies with a sales price of $100 or less per item; (iii) computers with a sales price of $3,500 or less per item; and (iv) sport or recreational equipment with a sales price of $50 or less per item. The exemption does not apply to sales of items for use in a trade or business. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner.
FULL TEXT
HISTORY
- 01/09/06 House: Prefiled and ordered printed; offered 01/11/06 069505216
- 01/09/06 House: Referred to Committee on Finance
- 01/18/06 House: Assigned to Finance sub-committee: #1 (Orrock)
- 01/30/06 House: Incorporated by Finance (HB532-Parrish) by voice vote