SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2024 SESSION

  • | print version

HB 973 Tangible personal property tax; classification, satellite equipment.

Introduced by: Rodney T. Willett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tangible personal property tax; classification; satellite equipment. Restricts the special classification for tangible personal property that is used in manufacturing, testing, or operating satellites within a Multicounty Transportation Improvement District to only such property placed in service before January 1, 2025. Such property may be taxed at a lower rate than is applied to other tangible personal property.


FULL TEXT

HISTORY