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2024 SESSION

• | print version

HB 464 Retail Sales and Use Tax; exemptions for nonprofit entities.

Introduced by: Chris S. Runion | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Retail sales and use tax; exemptions for nonprofit entities. Increases from $1 million to $1.5 million the minimum threshold for gross revenue of a nonprofit entity that allows the Department of Taxation to require such entity to provide a financial audit before receiving a federal income tax exemption.

FULL TEXT

• 01/08/24  House: Prefiled and ordered printed; offered 01/10/24 24103578D  pdf | impact statement
• 02/12/24  House: Printed as engrossed 24103578D-E  pdf | impact statement
• 03/07/24  House: Bill text as passed House and Senate (HB464ER)  pdf | impact statement
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0287)  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted
• Senate subcommittee amendments and substitutes offered
• House amendments adopted
• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/08/24  House: Prefiled and ordered printed; offered 01/10/24 24103578D
• 01/08/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #2
• 02/06/24  House: Subcommittee recommends reporting with amendments (8-Y 0-N)
• 02/07/24  House: Reported from Finance with amendment(s) (18-Y 1-N)
• 02/09/24  House: Read first time
• 02/12/24  House: Read second time
• 02/12/24  House: Committee amendments agreed to
• 02/12/24  House: Engrossed by House as amended HB464E
• 02/12/24  House: Printed as engrossed 24103578D-E
• 02/13/24  House: Read third time and passed House (94-Y 5-N)
• 02/13/24  House: VOTE: Passage (94-Y 5-N)
• 02/14/24  Senate: Constitutional reading dispensed
• 02/14/24  Senate: Referred to Committee on Finance and Appropriations
• 02/27/24  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/27/24  Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
• 02/28/24  Senate: Read third time
• 02/28/24  Senate: Reading of amendment waived
• 02/28/24  Senate: Committee amendment agreed to
• 02/28/24  Senate: Engrossed by Senate as amended
• 02/28/24  Senate: Passed Senate with amendment (39-Y 0-N)
• 03/01/24  House: Senate amendment agreed to by House (95-Y 1-N)
• 03/01/24  House: VOTE: Adoption (95-Y 1-N)
• 03/07/24  House: Enrolled
• 03/07/24  House: Bill text as passed House and Senate (HB464ER)
• 03/07/24  House: Signed by Speaker
• 03/08/24  Senate: Signed by President
• 03/11/24  House: Enrolled Bill communicated to Governor on March 11, 2024
• 03/11/24  Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
• 04/02/24  Governor: Approved by Governor-Chapter 287 (effective 7/1/24)
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0287)