HOUSE BILL 983

File Code: Taxes - Sales and Use Crossfiled with: SENATE BILL 190

Sponsored By:

Delegates Bonsack, Fry, Howard, Finifter, Linton, Muse, Shriver, and Ports

Entitled:

Sales and Use Tax - Machinery or Equipment Used in Production Activity - Capitalization Requirement

Synopsis:

Altering an exemption under the sales and use tax for machinery and equipment used in a production activity to eliminate a requirement that the machinery or equipment be capitalized to claim depreciation.

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:

EQUIPMENT -see also- MOTOR VEHICLES - EQUIPMENT

EXEMPTIONS

INDUSTRIAL MATTERS

SALES AND USE TAX

Bill affects the following Statute:

Tax - General

( 11-210 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available