Legislation
- Title
- Vessel Excise Tax - Exemption for Commercial Enterprises Paying the Admissions and Amusement Tax
- Sponsored by
- Delegates George and W. Miller
- Status
- In the Senate - Hearing 4/04 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Providing an exemption from the vessel excise tax for the purchase of a vessel by a commercial enterprise if the use of the vessel will require the payment of at least 50% of the value of the exemption in admissions and amusement tax; requiring the Department of Natural Resources to adopt regulations; requiring the Department to report to the Governor and General Assembly on or before December 31 each year; providing that the Act applies to vessels purchased after June 30, 2013; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Details
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8-716 )
Last Updated: 2/3/2020 2:27 PM