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2015 SESSION

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SB 1243 Tangible personal property; miscellaneous and incidental property.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tangible personal property; miscellaneous and incidental property. Declares miscellaneous and incidental property with an original cost of less than $250 as a separate classification of tangible personal property. The bill clarifies that when reporting such property, a taxpayer may 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. This bill was incorporated into SB 1127.

FULL TEXT

• 01/14/15  Senate: Prefiled and ordered printed; offered 01/14/15 15100610D  pdf | impact statement

HISTORY

• 01/14/15  Senate: Prefiled and ordered printed; offered 01/14/15 15100610D
• 01/14/15  Senate: Referred to Committee on Finance
• 01/27/15  Senate: Incorporated by Finance (SB1127-Hanger) (14-Y 0-N)