Virginia House Bill 2104 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-02-08 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Machinery and tools tax; valuation; appeal of certain local Machinery and tools tax; valuation; appeal of certain local taxes. Permits the commissioner of the revenue to utilize any method that may reasonably be expected to determine actual fair market value of machinery and tools, in addition to specific methods required under current law. The bill also requires the commissioner of the revenue, upon request, to take into account the condition of the machinery and tools, all forms of depreciation, including obsolescence, and any other factor that is not adequately taken into account by the valuation method otherwise used. The bill requires the commissioner of the revenue to provide to taxpayers upon request a description of his valuation methods, any adjustments that have been made to reflect the taxpayer's appraisal or written concerns, and the factual and legal bases on which the commissioner relies for disagreeing with the taxpayer's qualified appraisal. The bill also gives the Tax Commissioner authority to issue advisory written opinions in specific cases to interpret the law related to valuations involving independent appraisals of manufacturers' machinery and tools that are presented by the taxpayer to the commissioner of the revenue. In appeals to the Tax Commissioner of the valuation of machinery and tools, the bill permits the taxpayer to value the property by allocating the total value of all machinery and tools at a facility among individual items of property according to the percentage of the original cost that each such item of property bears to the total original cost of all of the property. The bill also requires the Tax

Machinery and tools tax; valuation, appeal of certain local taxes.

Del. Kathy Byron [R]

2017-01-30 - House - House: Reported from Finance with amendment (17-Y 5-N) (Y: 17 N: 5 NV: 0 Abs: 0) [PASS]
2017-01-25 - House - House: Subcommittee recommends reporting (5-Y 2-N) (Y: 5 N: 2 NV: 3 Abs: 0) [FAIL]

Date	Chamber	Action
2017-02-08	House	Left in Appropriations
2017-02-01	House	Referred to Committee on Appropriations
2017-02-01	House	Motion to refer to committee agreed to
2017-01-31	House	Read first time
2017-01-30	House	Reported from Finance with amendment (17-Y 5-N)
2017-01-25	House	Subcommittee recommends reporting (5-Y 2-N)
2017-01-20	House	Assigned Finance sub: Subcommittee #1
2017-01-10	House	Referred to Committee on Finance
2017-01-10	House	Prefiled and ordered printed; offered 01/11/17 17101942D

Chapter	Article	Section	Citation Type	Statute Text
58	1	3507	(n/a)	See Bill Text
58	1	3983.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2104
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2104+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H1001V0018+HB2104
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H10V0072+HB2104