VA HB1575 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 31 2020 - 100% progression
Action: 2020-03-31 - Governor: Acts of Assembly Chapter text (CHAP0541)
Text: Latest bill text (Chaptered) [HTML]

Summary

Merchants' capital tax; separate classification; retailers. Provides that the merchants' capital of any retailer reported as inventory that is located in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall, along with certain wholesalers, be considered a separate classification and may be taxed at a lower rate than other classifications of merchants' capital. Under current law, only merchants' capital of wholesalers meeting a similar threshold of 100,000 square feet constitutes a separate class of property.

Tracking Information

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Title

Merchants' capital tax; separate classification, retailers.

Sponsors


Roll Calls

2020-02-27 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-26 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2020-02-25 - Senate - Senate: Reported from Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-10 - House - House: VOTE: Passage (79-Y 19-N) (Y: 79 N: 19 NV: 2 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2020-02-03 - House - House: Subcommittee recommends reporting with substitute (9-Y 1-N) (Y: 9 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-03-31 Governor: Acts of Assembly Chapter text (CHAP0541)
2020-03-31 Governor: Approved by Governor-Chapter 541 (effective 7/1/20)
2020-03-12 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-12HouseEnrolled Bill communicated to Governor on March 12, 2020
2020-03-05SenateSigned by President
2020-03-05HouseSigned by Speaker
2020-03-04HouseBill text as passed House and Senate (HB1575ER)
2020-03-04HouseEnrolled
2020-02-27SenatePassed Senate (40-Y 0-N)
2020-02-27SenateRead third time
2020-02-26SenateConstitutional reading dispensed (38-Y 0-N)
2020-02-25SenateReported from Finance and Appropriations (16-Y 0-N)
2020-02-11SenateReferred to Committee on Finance and Appropriations
2020-02-11SenateConstitutional reading dispensed
2020-02-10HouseVOTE: Passage (79-Y 19-N)
2020-02-10HouseRead third time and passed House (79-Y 19-N)
2020-02-07HouseEngrossed by House - committee substitute HB1575H1
2020-02-07HouseCommittee substitute agreed to 20106932D-H1
2020-02-07HouseRead second time
2020-02-06HouseRead first time
2020-02-05HouseReported from Finance with substitute (21-Y 1-N)
2020-02-05HouseCommittee substitute printed 20106932D-H1
2020-02-03HouseSubcommittee recommends reporting with substitute (9-Y 1-N)
2020-01-23HouseAssigned Finance sub: Subcommittee #2
2020-01-14HouseReferred to Committee on Finance
2020-01-14HousePresented and ordered printed 20105515D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5813510.02(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1575
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1575+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1575H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1575ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0541+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H1002V0028+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0084+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0137+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0186+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0235+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV0675+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0450+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1050HB1575+HB1575
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1156HB1575+HB1575

Bill Comments

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