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.

2020 SESSION

• | print version

HB 1575 Merchants' capital tax; separate classification, retailers.

Introduced by: Mark L. Cole (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Merchants' capital tax; separate classification; retailers. Provides that the merchants' capital of any retailer reported as inventory that is located in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall, along with certain wholesalers, be considered a separate classification and may be taxed at a lower rate than other classifications of merchants' capital. Under current law, only merchants' capital of wholesalers meeting a similar threshold of 100,000 square feet constitutes a separate class of property.

FULL TEXT

• 01/14/20  House: Presented and ordered printed 20105515D  pdf | impact statement
• 02/05/20  House: Committee substitute printed 20106932D-H1  pdf | impact statement
• 03/04/20  House: Bill text as passed House and Senate (HB1575ER)  pdf | impact statement
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0541)  pdf

AMENDMENTS

• House subcommittee amendments and substitutes adopted
• House committee, floor amendments and substitutes offered

HISTORY

• 01/14/20  House: Presented and ordered printed 20105515D
• 01/14/20  House: Referred to Committee on Finance
• 01/23/20  House: Assigned Finance sub: Subcommittee #2
• 02/03/20  House: Subcommittee recommends reporting with substitute (9-Y 1-N)
• 02/05/20  House: Committee substitute printed 20106932D-H1
• 02/05/20  House: Reported from Finance with substitute (21-Y 1-N)
• 02/06/20  House: Read first time
• 02/07/20  House: Read second time
• 02/07/20  House: Committee substitute agreed to 20106932D-H1
• 02/07/20  House: Engrossed by House - committee substitute HB1575H1
• 02/10/20  House: Read third time and passed House (79-Y 19-N)
• 02/10/20  House: VOTE: Passage (79-Y 19-N)
• 02/11/20  Senate: Constitutional reading dispensed
• 02/11/20  Senate: Referred to Committee on Finance and Appropriations
• 02/25/20  Senate: Reported from Finance and Appropriations (16-Y 0-N)
• 02/26/20  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/27/20  Senate: Read third time
• 02/27/20  Senate: Passed Senate (40-Y 0-N)
• 03/04/20  House: Enrolled
• 03/04/20  House: Bill text as passed House and Senate (HB1575ER)
• 03/05/20  House: Signed by Speaker
• 03/05/20  Senate: Signed by President
• 03/12/20  House: Enrolled Bill communicated to Governor on March 12, 2020
• 03/12/20  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
• 03/31/20  Governor: Approved by Governor-Chapter 541 (effective 7/1/20)
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0541)