VA HB705 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Personal property tax; classification; sunset date. Removes the sunset date from the provision of law that authorizes localities to classify most motor vehicles as a class of property subject to a different rate of tax or rate of assessment from the rate applicable to the general class of tangible personal property. Under current law, such classification would expire beginning with taxable years beginning on or after January 1, 2025.

Tracking Information

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Title

Personal property tax; removes sunset date.

Sponsors


Roll Calls

2024-02-06 - House - House: Subcommittee recommends striking from docket (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-02-13HouseLeft in Finance
2024-02-06HouseSubcommittee recommends striking from docket (8-Y 0-N)
2024-02-02HouseAssigned Finance sub: Subcommittee #2
2024-01-09HouseReferred to Committee on Finance
2024-01-09HousePrefiled and ordered printed; offered 01/10/24 24100880D

Same As/Similar To

HB422 (Similar To) 2024-02-13 - Left in Finance

Subjects


Virginia State Sources


Bill Comments

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