1996 Regular Session

HOUSE BILL 964

File Code: Taxes - Sales and Use Crossfiled with: SENATE BILL 404
Sponsored By:
Delegates Bonsack, Fry, Linton, Shriver, Howard, Ports, Muse, and Finifter
Entitled:
Sales and Use Tax - Property for Consumption in a Production Activity

Synopsis:

Altering the definitions of "retail sale" and "use" under the sales and use tax to remove a requirement that tangible personal property that the buyer intends to consume directly and predominantly in a production activity must be consumed within 1 year after its first use in a production activity for the sale of that property to be exempt.

Legislative History

House Action
2/2
First Reading Ways and Means
2/21
Hearing 3/6 at 1:00 p.m.
3/18
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Rose Mary Hatem Bonsack, District 34
Delegate Michael J. Finifter, District 11
Delegate Donald C. Fry, District 35A
Delegate Carolyn J. B. Howard, District 24
Delegate Samuel C. Linton, District 28
Delegate C. Anthony Muse, District 26
Delegate James F. Ports, Jr., District 8
Delegate Mark K. Shriver, District 15
Bill indexed under the following Subjects:
EXEMPTIONS
INDUSTRIAL MATTERS
PERSONAL PROPERTY
SALES AND USE TAX
Bill affects the following Statute:
Tax - General
( 11-101 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available