1996 Regular Session

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