Bill Text: VA HB565 | 2012 | Regular Session | Prefiled


Bill Title: Retail Sales and Use Tax; exemption includes computers and related computer equipment.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-02-14 - House: Left in Finance [HB565 Detail]

Download: Virginia-2012-HB565-Prefiled.html
12100195D
HOUSE BILL NO. 565
Offered January 11, 2012
Prefiled January 10, 2012
A BILL to amend and reenact §58.1-611.2 of the Code of Virginia, relating to limited sales and use tax exemption for computers.
----------
Patrons-- Marshall, D.W. and Merricks
----------
Referred to Committee on Finance
----------

Be it enacted by the General Assembly of Virginia:

1.  That §58.1-611.2 of the Code of Virginia is amended and reenacted as follows:

§58.1-611.2. Limited exemption for certain school supplies, clothing, footwear, and computer equipment.

Beginning in 2006, for For a three-day period that begins each year on the first Friday in August and ends at midnight on the first Sunday in August, the tax imposed by this chapter or pursuant to the authority granted in §58.1-605 or 58.1-606 shall not apply to certain (i) school supplies including, but not limited to, dictionaries, notebooks, pens, pencils, notebook paper, and calculators, and; (ii) clothing and footwear designed to be worn on or about the human body; and (iii) personal computers and related equipment for personal use. For purposes of this section, "related equipment" means monitors, keyboards, and mice. The tax exemption shall apply to each article of school supplies with a selling price of $20 or less, and each article of clothing or footwear with a selling price of $100 or less, and each computer together with related equipment with a combined selling price of $3,500 or less. The related computer equipment must be purchased at the same time as the computer is purchased to qualify for the exemption. Any discount, coupon, or other credit offered either by the retailer or by a vendor of the retailer to reduce the final price to the customer shall be taken into account in determining the selling price for purposes of this exemption.

The Department shall develop guidelines that describe the items of merchandise that qualify for the exemption and make such guidelines available, both electronically and in hard copy, no later than July 15 of each year.

feedback