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2007 SESSION

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HB 2181 Machinery and tools tax; provides uniform statewide statutory classification for idle machinery.

Introduced by: Christopher B. Saxman | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Machinery and tools tax; idle machinery and tools; emergency clause.  Provides a uniform statewide statutory classification and taxation for idle machinery and tools on a prospective basis by allowing such machinery and tools to be taxed as capital as long as they have not been used for at least one year prior to tax day or they have been identified in writing by the taxpayer to the commissioner of the revenue as machinery and tools that the taxpayer intends to withdraw from service prior to the next tax day.  The bill has an emergency clause and is identical to SB 1151.


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