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2018 SESSION

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HB 119 Merchants' capital tax; classification.

Introduced by: Robert M. "Bob" Thomas, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Merchants' capital tax; classification. Creates a separate class for merchants' capital of any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory. Any locality may impose a tax rate on such inventory that is lower than that applicable generally to merchants' capital.

FULL TEXT

• 12/15/17  House: Prefiled and ordered printed; offered 01/10/18 18101758D  pdf | impact statement
• 02/19/18  House: Bill text as passed House and Senate (HB119ER)  pdf | impact statement
• 02/26/18  Governor: Acts of Assembly Chapter text (CHAP0023)  pdf

HISTORY

• 12/15/17  House: Prefiled and ordered printed; offered 01/10/18 18101758D
• 12/15/17  House: Referred to Committee on Finance
• 01/23/18  House: Assigned Finance sub: Subcommittee #1
• 01/24/18  House: Subcommittee recommends reporting (9-Y 1-N)
• 01/29/18  House: Reported from Finance (21-Y 1-N)
• 01/31/18  House: Read first time
• 02/01/18  House: Read second time and engrossed
• 02/02/18  House: Read third time and passed House (94-Y 3-N)
• 02/02/18  House: VOTE: PASSAGE (94-Y 3-N)
• 02/05/18  Senate: Constitutional reading dispensed
• 02/05/18  Senate: Referred to Committee on Finance
• 02/14/18  Senate: Reported from Finance (15-Y 0-N)
• 02/15/18  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/16/18  Senate: Read third time
• 02/16/18  Senate: Passed Senate (38-Y 0-N)
• 02/19/18  House: Enrolled
• 02/19/18  House: Bill text as passed House and Senate (HB119ER)
• 02/19/18  House: Signed by Speaker
• 02/21/18  Senate: Signed by President
• 02/22/18  House: Enrolled Bill communicated to Governor on 2/22/18
• 02/22/18  Governor: Governor's Action Deadline Midnight, March 1, 2018
• 02/26/18  Governor: Approved by Governor-Chapter 23 (effective 7/1/18)
• 02/26/18  Governor: Acts of Assembly Chapter text (CHAP0023)