SEARCH SITE
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.
1998 SESSION
SB 439 Personal Property Tax Relief Act of 1998; created.
Introduced by: John H. Chichester | all patrons ... notes | add to my profiles
SUMMARY:
Personal Property Tax Relief Act of 1998. Provides personal property tax relief for qualifying vehicles beginning in 1998 with 12.5 percent of the tax due being paid by the state to each locality on behalf of the taxpayers. That amount increases to 27.5 percent in 1999; 47.5 percent in 2000; 70 percent in 2001; and 100 percent in 2002 and thereafter. In 1998, any vehicle with a value of $1,000 or less will not pay any tax. The bill also includes a school construction program to be partially funded with lottery profits and the rest with a $350 million bond issue. The percent of lottery profits dedicated to school construction beginning in 1999 would be up to 7.5 percent and gradually increasing to 66.6 percent in 2007 and thereafter. Distributions would be matching grants and would be based on composite index and growth. Finally, there is a shipyard grant program which requires an appropriation of $8 million for 1999 and future benefits subject to appropriation. If appropriated, the total shipyard grant program could cost $98 million.
FULL TEXT
- 01/26/98 Senate: Presented & ordered printed 984513811 pdf
- 02/17/98 Senate: Committee substitute printed 985436629-S1 pdf
- 02/19/98 Senate: Floor substitute printed 985438681-S2 (Holland) pdf
- 02/19/98 Senate: Floor substitute printed 985440629-S3 (Chichester) pdf
- 03/10/98 House: Committee substitute printed 989377811-H1 pdf
AMENDMENTS
HISTORY
- 01/26/98 Senate: Presented & ordered printed 984513811
- 01/26/98 Senate: Referred to Committee on Finance
- 02/03/98 Senate: Assigned to Finance sub-committee: Special
- 02/17/98 Senate: Reported from Finance with substitute (13-Y 4-N)
- 02/17/98 Senate: Committee substitute printed 985436629-S1
- 02/18/98 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/18/98 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/19/98 Senate: Read second time
- 02/19/98 Senate: Reading of substitute waived
- 02/19/98 Senate: Previous question ordered (21-Y 19-N)
- 02/19/98 Senate: VOTE: PREVIOUS QUESTION R (21-Y 19-N)
- 02/19/98 Senate: Committee substitute rejected 985436629-S1
- 02/19/98 Senate: Reading of amendment waived
- 02/19/98 Senate: Amendment #1 by Sen. Saslaw withdrawn
- 02/19/98 Senate: Reading of substitute waived
- 02/19/98 Senate: Floor substitute printed 985438681-S2 (Holland)
- 02/19/98 Senate: Substitute by Sen. Holland rejected (17-Y 23-N)
- 02/19/98 Senate: VOTE: FLOOR SUB., HOLLAND V (17-Y 23-N)
- 02/19/98 Senate: Reading of substitute waived
- 02/19/98 Senate: Floor substitute printed 985440629-S3 (Chichester)
- 02/19/98 Senate: Substitute by Sen. Chichester agreed to 985440629-S3
- 02/19/98 Senate: Reading of amendment waived
- 02/19/98 Senate: Amendment #2 by Sen. Saslaw rejected (17-Y 22-N)
- 02/19/98 Senate: VOTE: FLOOR AMENDMENT V (17-Y 22-N)
- 02/19/98 Senate: Reading of amendments waived
- 02/19/98 Senate: Amendments #3 thru 6 by Sen. Hanger rejected
- 02/19/98 Senate: Amendment #7 by Sen. Hanger withdrawn
- 02/19/98 Senate: Engrossed by Senate - fl. sub. 985440629-S3
- 02/19/98 Senate: Constitutional reading dispensed (39-Y 1-N)
- 02/19/98 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 1-N)
- 02/19/98 Senate: Passed Senate (31-Y 9-N)
- 02/19/98 Senate: VOTE: PASSAGE R (31-Y 9-N)
- 02/19/98 Senate: Communicated to House
- 02/20/98 House: Placed on Calendar
- 02/23/98 House: Read first time
- 02/23/98 House: Referred to Committee on Finance
- 03/10/98 House: Reported from Finance with sub. (24-Y 0-N)
- 03/10/98 House: Read second time
- 03/10/98 House: Committee substitute printed 989377811-H1
- 03/11/98 House: Read third time
- 03/11/98 House: Committee substitute agreed to 989377811-H1
- 03/11/98 House: Amendments by Ms. Puller agreed to
- 03/11/98 House: Amendment by Mr. Clement agreed to
- 03/11/98 House: Motion for pending question agreed to
- 03/11/98 House: Pending question ordered
- 03/11/98 House: Amendments by Mr. Wilkins rejected (24-Y 74-N)
- 03/11/98 House: VOTE: ADOPTION (24-Y 74-N)
- 03/11/98 House: Motion for pending question agreed to
- 03/11/98 House: Pending question ordered
- 03/11/98 House: Amendment by Mr. Marshall rejected (21-Y 75-N)
- 03/11/98 House: VOTE: ADOPTION (21-Y 75-N)
- 03/11/98 House: Motion for pending question agreed to
- 03/11/98 House: Pending question ordered
- 03/11/98 House: Amendment by Mr. Marshall rejected (35-Y 65-N)
- 03/11/98 House: VOTE: ADOPTION (35-Y 65-N)
- 03/11/98 House: Amendment by Mr. Dudley rejected (25-Y 74-N)
- 03/11/98 House: VOTE: ADOPTION (25-Y 74-N)
- 03/11/98 House: Engrossed by House - com. sub. w/amds. 989377811-H1
- 03/11/98 House: Motion for pending question agreed to
- 03/11/98 House: Pending question ordered
- 03/11/98 House: Passed House with sub. with amendments (100-Y 0-N)
- 03/11/98 House: VOTE: PASSAGE (100-Y 0-N)
- 03/12/98 Senate: Reading of substitute with amendments waived
- 03/12/98 Senate: Stricken from Senate calendar (22-Y 18-N)
- 03/12/98 Senate: VOTE: STRIKE FROM CALENDAR R (22-Y 18-N)