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1999 SESSION

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HB 1765 Sales and use tax; governmental and commodities exemptions.

Introduced by: Harry J. Parrish | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Sales and use tax; governmental and commodities exemptions. Provides that the exemption from sales tax for the Commonwealth and its political subdivisions does not apply to property they acquire and then transfer to private businesses for their use in a facility to be used by a private entity or for nongovernmental purposes. An exception is made for property acquired for the Advanced Shipbuilding and Carrier Integration Center in Newport News.

SUMMARY AS PASSED HOUSE:

Sales and use tax; governmental and commodities exemptions. Prevents the Commonwealth and any of its political subdivisions from acquiring tangible personal property which is exempt from the sales and tax and giving it to private businesses for their use.

SUMMARY AS INTRODUCED:

Sales and use tax; governmental and commodities exemptions. Prevents the Commonwealth and any of its political subdivisions from acquiring tangible personal property which is exempt from the sales and tax and giving it to private businesses for their use.