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.
1999 SESSION
SB 995 Classification for business personal property.
Introduced by: William C. Mims | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Classification for business personal property. Establishes a separate class of tangible personal property for tax rate purposes consisting of business personal property used in manufacturing, testing, or operating satellites by a trade or business located within a Multicounty Transportation Improvement District, such as the Route 28 tax district. The classification applies only to property put into service within the District on or after July 1, 1999. The authorization for this classification expires on the first to occur of June 30, 2009, or the date that a special improvements tax is no longer levied on property within the Multicounty Transportation Improvement District. The rate of tax on property in this category shall not exceed the locality's machinery and tools tax rate. The measure also eliminates the classification for machines and tools assessed at $100 million or more and used in a commercial airline's maintenance, repair, and rebuilding facility.
FULL TEXT
- 01/19/99 Senate: Presented & ordered printed 992510718 pdf
- 02/26/99 Senate: Bill text as passed Senate and House (SB995ER) pdf
- 03/29/99 Governor: Acts of Assembly Chapter text (CHAP0289) pdf
HISTORY
- 01/19/99 Senate: Presented & ordered printed 992510718
- 01/19/99 Senate: Referred to Committee on Finance
- 01/27/99 Senate: Reported from Finance (17-Y 0-N)
- 01/28/99 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/28/99 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/29/99 Senate: Read second time and engrossed
- 02/01/99 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/01/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/01/99 Senate: Communicated to House
- 02/03/99 House: Placed on Calendar
- 02/04/99 House: Read first time
- 02/04/99 House: Referred to Committee on Finance
- 02/08/99 House: Assigned to Finance sub-committee: 2
- 02/16/99 House: Reported from Finance (24-Y 0-N)
- 02/17/99 House: Read second time
- 02/18/99 House: Read third time
- 02/18/99 House: Passed House (Block Vote) (100-Y 0-N)
- 02/18/99 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/26/99 Senate: Bill text as passed Senate and House (SB995ER)
- 03/01/99 Senate: Enrolled
- 03/01/99 House: Signed by Speaker
- 03/03/99 Senate: Signed by President
- 03/22/99 Governor: Approved by Governor-Chapter 289 (effective 7/1/99)
- 03/29/99 Governor: Acts of Assembly Chapter text (CHAP0289)