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2015 SESSION

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SB 1127 Tangible personal property; miscellaneous and incidental property.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Tangible personal property; miscellaneous and incidental property. Declares miscellaneous and incidental property employed in a trade or business with an original cost of less than $250 as a separate classification of tangible personal property. A locality may allow a taxpayer reporting such property to provide an aggregate estimate of the total value of such property instead of an itemized list. The bill also authorizes a locality to tax such property at a separate rate of taxation not to exceed the rate imposed on general tangible personal property. The bill incorporates SB 1243 and is identical to HB 2098.

FULL TEXT

• 01/13/15  Senate: Prefiled and ordered printed; offered 01/14/15 15102224D  pdf | impact statement
• 01/27/15  Senate: Committee substitute printed 15104012D-S1  pdf | impact statement
• 02/17/15  Senate: Bill text as passed Senate and House (SB1127ER)  pdf | impact statement
• 03/26/15  Governor: Acts of Assembly Chapter text (CHAP0593)  pdf

HISTORY

• 01/13/15  Senate: Prefiled and ordered printed; offered 01/14/15 15102224D
• 01/13/15  Senate: Referred to Committee on Finance
• 01/27/15  Senate: Reported from Finance with substitute (14-Y 0-N)
• 01/27/15  Senate: Committee substitute printed 15104012D-S1
• 01/28/15  Senate: Incorporates SB1243
• 01/28/15  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/29/15  Senate: Read second time
• 01/29/15  Senate: Reading of substitute waived
• 01/29/15  Senate: Committee substitute agreed to 15104012D-S1
• 01/29/15  Senate: Engrossed by Senate - committee substitute SB1127S1
• 01/30/15  Senate: Read third time and passed Senate (38-Y 0-N)
• 02/06/15  House: Placed on Calendar
• 02/06/15  House: Read first time
• 02/06/15  House: Referred to Committee on Finance
• 02/11/15  House: Reported from Finance (21-Y 0-N)
• 02/12/15  House: Read second time
• 02/13/15  House: Read third time
• 02/13/15  House: Passed House BLOCK VOTE (97-Y 0-N)
• 02/13/15  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 02/17/15  Senate: Enrolled
• 02/17/15  Senate: Bill text as passed Senate and House (SB1127ER)
• 02/17/15  House: Signed by Speaker
• 02/20/15  Senate: Signed by President
• 02/23/15  Senate: Enrolled Bill Communicated to Governor on 2/23/15
• 02/23/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
• 03/26/15  Governor: Approved by Governor-Chapter 593 (effective 7/1/15)
• 03/26/15  Governor: Acts of Assembly Chapter text (CHAP0593)