Bill Text: VA HB1104 | 2018 | Regular Session | Prefiled

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Bill Title: Sales and use tax refund; property to replace or repair business property damaged in a disaster.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-02-13 - Left in Finance [HB1104 Detail]

Download: Virginia-2018-HB1104-Prefiled.html

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18102768D
HOUSE BILL NO. 1104 Offered January 10, 2018 Prefiled January 10, 2018 A BILL to amend the Code of Virginia by adding a section numbered 58.1-608.2:1, relating to sales and use tax exemption; property to replace or repair certain property damaged in a disaster. ---------- Patron-- Stolle ---------- Committee Referral Pending ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 58.1-608.2:1 as follows:

§58.1-608.2:1. Refund authorized for certain purchases related to a disaster.

A. Beginning July 1, 2018, and ending July 1, 2022, any business that purchases tangible personal property to replace or repair its tangible personal property that was damaged as a result of a disaster as defined in §44-146.16 for which the Governor makes a declaration of a state of emergency as defined in §44-146.16, may apply to the Department of Taxation for a refund of any taxes paid pursuant to this chapter on such purchased property. The refund applies only to property purchased no later than 180 days after the declaration of a state of emergency.

B. The Department of Taxation may require the business to submit sales tax receipts along with a refund application to qualify for the refund authorized pursuant to this section.

2. That the provisions of this act are applicable only to a state of emergency declared on or after July 1, 2018.