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ACROSS SESSIONS

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2018 SESSION

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Senate Committee on Finance

Co-Chair: Thomas K. Norment, Jr. - Co-Chair: Emmett W. Hanger, Jr.

Clerk: John Garrett
Staff: Lisa Wallmeyer
Date of Meeting: February 13, 2018
Time and Place: 9:00 AM - Committee Room B - Ground Floor, Pocahontas Bldg.

H.B. 369

Patron: Campbell

Admissions tax; Wythe County. Authorizes Wythe County to impose an admissions tax at a rate not to exceed 10 percent to any event held on the grounds of any exposition center that (i) has an indoor arena that seats at least 2,000 persons and an outdoor multipurpose space and (ii) is located on all or part of a parcel of land containing at least 40 acres.

H.B. 828

Patron: Bagby

Personal property tax; computer equipment and peripherals used in data centers. Creates a separate classification of tangible personal property, for valuation purposes, for computer equipment and peripherals used in a data center. The classification specifies that the computer equipment and peripherals shall be valued by means of a percentage or percentages of original cost or by any other method that reasonably may be expected to determine fair market value.

H.B. 846

Patron: Ingram

Virginia Retirement System; technical amendments. Makes technical amendments to Title 51.1, Pensions, Benefits, and Retirement, including clarifying that medical boards may be composed of not only physicians but also other health care professionals and that the only federal civilian service eligible to be purchased as membership credit is full-time service.

H.B. 1022

Patron: Adams, L.R.

Personal property tax; definition of agricultural products. Defines "agricultural products," for the purposes of the classification of tangible personal property for taxation, as any livestock, aquaculture, poultry, horticultural, floricultural, viticulture, silvicultural, or other farm crops.

H.B. 1468

Patron: Jones, S.C.

Auditor of Public Accounts; audits. Eliminates a requirement that the Auditor of Public Accounts (Auditor) audit certain entities annually. The bill provides for the Auditor to perform an audit for these entities as the Auditor determines necessary.