VA HB1557 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2018 - 25% progression
Action: 2018-11-30 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Intangible personal property; personal property used in manufacturing. Clarifies that personal property used directly in manufacturing in the locality in which the tax is assessed is classified as intangible personal property. Current law does not require that the property be used directly in manufacturing in order to be considered intangible, nor does it require that the property be in the locality in which manufacturing actually occurs.

Tracking Information

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Title

Intangible personal property; personal property used in manufacturing.

Sponsors


History

DateChamberAction
2018-11-30HouseLeft in Finance
2018-02-07HouseContinued to 2019 in Finance by voice vote
2018-01-19HouseReferred to Committee on Finance
2018-01-19HousePresented and ordered printed 18105064D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5811101(n/a)See Bill Text

Virginia State Sources


Bill Comments

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