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