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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2006 SESSION
SB 260 Idle machinery and tools tax; certain exemptions.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Classification and taxation of property. Provides that in valuing machinery and tools for taxation, the commissioner of the revenue shall, if requested in writing, consider an independent appraisal submitted by the taxpayer. The bill also provides that, for taxable years beginning on or after January 1, 2007, certain certified pollution control equipment and facilities are exempt from state and local taxation, pursuant to Section 6 of Article X of the Constitution of Virginia. Finally, the bill requires that the Tax Commissioner convene a working group to consider several issues relating to the assessment and valuation for appraisals relating to machinery and tools, and to report by November 1, 2006. Further, the bill clarifies that idle machinery and tools are intangible capital segregated for state, not local, taxation.
FULL TEXT
- 01/10/06 Senate: Prefiled and ordered printed; offered 01/11/06 062617832 pdf | impact statement
- 02/01/06 Senate: Committee substitute printed 063964832-S1 pdf
- 02/02/06 Senate: Printed as engrossed 063964832-ES1 pdf | impact statement
- 02/27/06 House: Committee substitute printed 065231448-H1 pdf
- 03/03/06 Senate: Conference substitute printed 065240832-S2 pdf
- 03/21/06 Senate: Bill text as passed Senate and House (SB260ER) pdf | impact statement
AMENDMENTS
HISTORY
- 01/10/06 Senate: Prefiled and ordered printed; offered 01/11/06 062617832
- 01/10/06 Senate: Referred to Committee on Finance
- 01/31/06 Senate: Reported from Finance with substitute (15-Y 0-N)
- 02/01/06 Senate: Committee substitute printed 063964832-S1
- 02/01/06 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/01/06 Senate: VOTE: (39-Y 0-N)
- 02/02/06 Senate: Read second time
- 02/02/06 Senate: Reading of substitute waived
- 02/02/06 Senate: Committee substitute agreed to 063964832-S1
- 02/02/06 Senate: Reading of amendment waived
- 02/02/06 Senate: Amendment by Senator Wagner agreed to
- 02/02/06 Senate: Engrossed by Senate - committee substitute with amendment SB260ES1
- 02/02/06 Senate: Printed as engrossed 063964832-ES1
- 02/03/06 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/03/06 Senate: VOTE: (39-Y 0-N)
- 02/03/06 Senate: Communicated to House
- 02/14/06 House: Placed on Calendar
- 02/14/06 House: Read first time
- 02/14/06 House: Referred to Committee on Finance
- 02/27/06 House: Reported from Finance with substitute (22-Y 0-N)
- 02/27/06 House: Committee substitute printed 065231448-H1
- 02/28/06 House: Read second time
- 03/01/06 House: Read third time
- 03/01/06 House: Committee substitute agreed to 065231448-H1
- 03/01/06 House: Engrossed by House - committee substitute SB260H1
- 03/01/06 House: Passed House with substitute (96-Y 1-N)
- 03/01/06 House: VOTE: PASSAGE (96-Y 1-N)
- 03/01/06 Senate: House substitute rejected by Senate (1-Y 38-N)
- 03/01/06 Senate: VOTE: (1-Y 38-N)
- 03/01/06 Senate: Reconsideration of House substitute agreed to by Senate (39-Y 0-N)
- 03/01/06 Senate: VOTE: (39-Y 0-N)
- 03/01/06 Senate: House substitute rejected by Senate (0-Y 38-N 1-A)
- 03/01/06 Senate: VOTE: (0-Y 38-N 1-A)
- 03/01/06 House: House insisted on substitute
- 03/01/06 House: House requested conference committee
- 03/01/06 Senate: Senate acceded to request (36-Y 0-N)
- 03/01/06 Senate: VOTE: (36-Y 0-N)
- 03/01/06 Senate: Conferees appointed by Senate
- 03/01/06 Senate: Senators: Wagner, Hawkins, Lambert
- 03/01/06 House: Conferees appointed by House
- 03/01/06 House: Delegates: Purkey, Orrock, Caputo
- 03/03/06 Senate: Conference substitute printed 065240832-S2
- 03/06/06 Senate: Conference report agreed to by Senate (38-Y 0-N)
- 03/06/06 Senate: VOTE: (38-Y 0-N)
- 03/06/06 House: Conference report agreed to by House (84-Y 15-N)
- 03/06/06 House: VOTE: ADOPTION (84-Y 15-N)
- 03/21/06 Senate: Bill text as passed Senate and House (SB260ER)
- 03/21/06 Senate: Enrolled
- 03/21/06 House: Signed by Speaker
- 03/22/06 Senate: Signed by President
- 04/11/06 Senate: Governor's recommendation received by Senate
- 04/18/06 Senate: Placed on Calendar
- 04/19/06 Senate: Senate rejected Governor's recommendation (19-Y 19-N)
- 04/19/06 Senate: VOTE: (19-Y 19-N)
- 04/19/06 Senate: Chair votes No
- 04/19/06 Senate: Communicated to Governor
- 05/18/06 Governor: Vetoed by Governor