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2007 SESSION

• | print version

HB 3062 Retail Sales and Use Tax; exemptions include nonprofit entities, audit requirements.

Introduced by: Edward T. Scott | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Sales and use tax; tax exemption for nonprofit entities.  Requires nonprofit entities seeking sales and use tax exempt status that have annual gross receipts of at least $750,000 but less than $1 million to provide the Department of Taxation with a financial audit or review performed by an independent certified public accountant.  Entities with gross annual receipts of $1 million or greater must file an audit. This bill is identical to SB 743.

FULL TEXT

• 01/15/07  House: Presented and ordered printed 079193498  pdf | impact statement
• 02/03/07  House: Printed as engrossed 079193498-E  pdf | impact statement
• 02/13/07  Senate: Committee substitute printed 075919712-S1  pdf
• 02/21/07  House: Bill text as passed House and Senate (HB3062ER)  pdf | impact statement
• 04/05/07  Governor: Acts of Assembly Chapter text (CHAP0704)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/15/07  House: Presented and ordered printed 079193498
• 01/15/07  House: Referred to Committee on Finance
• 01/18/07  House: Assigned Finance sub: #2 (Ware, R.L.)
• 01/31/07  House: Reported from Finance with amendment (21-Y 0-N)
• 02/02/07  House: Read first time
• 02/03/07  House: Read second time
• 02/03/07  House: Committee amendment agreed to
• 02/03/07  House: Engrossed by House as amended HB3062E
• 02/03/07  House: Printed as engrossed 079193498-E
• 02/05/07  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 02/05/07  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 02/05/07  House: Communicated to Senate
• 02/06/07  Senate: Constitutional reading dispensed
• 02/06/07  Senate: Referred to Committee on Finance
• 02/13/07  Senate: Committee substitute printed 075919712-S1
• 02/13/07  Senate: Reported from Finance with substitute (15-Y 0-N)
• 02/14/07  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/14/07  Senate: VOTE: (40-Y 0-N)
• 02/14/07  Senate: Read third time
• 02/14/07  Senate: Reading of substitute waived
• 02/14/07  Senate: Committee substitute agreed to 075919712-S1
• 02/14/07  Senate: Engrossed by Senate - committee substitute HB3062S1
• 02/14/07  Senate: Passed Senate with substitute (39-Y 0-N)
• 02/14/07  Senate: VOTE: (39-Y 0-N)
• 02/14/07  House: Passed by temporarily
• 02/14/07  House: Senate substitute agreed to by House (87-Y 4-N)
• 02/14/07  House: VOTE: ADOPTION (87-Y 4-N)
• 02/21/07  House: Enrolled
• 02/21/07  House: Bill text as passed House and Senate (HB3062ER)
• 02/22/07  House: Signed by Speaker
• 02/23/07  Senate: Signed by President
• 03/21/07  Governor: Approved by Governor-Chapter 704 (effective 7/1/07)
• 04/05/07  Governor: Acts of Assembly Chapter text (CHAP0704)