VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

• | print version

SB 299 Taxation, Department of; reports on sales and use tax exemptions.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Taxation; reports on sales and use tax exemptions. Requires the Department of Taxation (the Department) to report annually to the Chairmen of the House Committee on Appropriations and the House and Senate Committees on Finance regarding the fiscal, economic, and policy impact of each sales and use tax exemption. The review of each exemption shall be performed on a rotation basis. No exemption shall be reviewed more than once every five years, but the exemption for computer purchases for use in data centers shall be reviewed every three years. Taxpayers that purchase tax-exempt computer equipment or enabling software for use in a data center shall submit to the Department every three years a list of its exempt purchases, including purchase prices, made during the previous three taxable years.

FULL TEXT

• 01/08/18  Senate: Prefiled and ordered printed; offered 01/10/18 18100355D  pdf | impact statement

HISTORY

• 01/08/18  Senate: Prefiled and ordered printed; offered 01/10/18 18100355D
• 01/08/18  Senate: Referred to Committee on Finance
• 02/08/18  Senate: Continued to 2019 in Finance (16-Y 0-N)