VA HB422 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2024 - 25% progression
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.
Title
Personal property tax; removes sunset date.
Sponsors
| Del. Phillip Scott [R] | Del. Mike Cherry [R] | Del. Baxter Ennis [R] | Del. Chad Green [R] |
| Del. Ian Lovejoy [R] | Del. Wendell Walker [R] | Del. Michael Webert [R] | Del. Eric Zehr [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-13 | House | Left in Finance |
| 2024-02-06 | House | Subcommittee recommends incorporating (HB1502-Willett) by voice vote |
| 2024-02-02 | House | Assigned Finance sub: Subcommittee #3 |
| 2024-01-08 | House | Referred to Committee on Finance |
| 2024-01-08 | House | Prefiled and ordered printed; offered 01/10/24 24100245D |
Same As/Similar To
HB705 (Similar To) 2024-02-13 - Left in Finance
