VA HB545 | 2010 | Regular Session
Status
Sponsorship: Bipartisan Bill
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
Recycled materials to create tangible personal property; tax exemptions and incentives. Exempts from state taxation until July 1, 2020, production and industrial components used to create finished tangible personal products from recycled materials. The bill allows counties, cities and towns to classify those tools and machinery separately for taxation purposes. Machinery and equipment used to process the recycled material is to be certified as such by the Department of Environmental Quality. Qualified businesses may receive local incentives for converting recycled materials into tangible personal property for resale. This is a recommendation of the Virginia Housing Commission.
Title
Machinery & tools; tax exemption when used to create production components using recycled materials.
Sponsors
Roll Calls
2010-02-10 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2010-02-03 - House - House: Subcommittee recommends reporting with amendment(s) (8-Y 2-N) (Y: 8 N: 2 NV: 1 Abs: 0) [PASS]
2010-02-03 - House - House: Subcommittee recommends reporting with amendment(s) (8-Y 2-N) (Y: 8 N: 2 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-16 | House: Left in Appropriations | |
| 2010-02-10 | House: Referred to Committee on Appropriations | |
| 2010-02-10 | House: Reported from Finance with substitute (21-Y 1-N) | |
| 2010-02-10 | House: Committee substitute printed 10105096D-H1 | |
| 2010-02-03 | House: Subcommittee recommends reporting with amendment(s) (8-Y 2-N) | |
| 2010-01-18 | House: Assigned Finance sub: #1 | |
| 2010-01-12 | House: Referred to Committee on Finance | |
| 2010-01-12 | House: Prefiled and ordered printed; offered 01/13/10 10100873D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 58 | 1 | 301 | (n/a) | See Bill Text |
| 58 | 1 | 3508.4 | (n/a) | See Bill Text |
| 58 | 1 | 3661 | (n/a) | See Bill Text |
| 58 | 1 | 609.3 | (n/a) | See Bill Text |
| 59 | 1 | 547.1 | (n/a) | See Bill Text |
