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HB 1021

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Jan 07, 2020
  • Passed House Feb 04, 2020
  • Passed Senate Feb 20, 2020
  • Governor

Personal property tax; farm machinery, classification of forest harvesting.

Abstract

Personal property tax; forest harvesting machinery and equipment. Provides that a locality may exempt from tangible personal property taxes certain farm machinery and farm implements, which shall include equipment and machinery used for forest harvesting and silvicultural activities.

Personal property tax; farm machinery; classificationof forest harvesting and silvicultural activity equipment. Providesthat for the purposes of local personal property tax exemptions,"farm machinery" includes any machinery designed solely for theplanting, production, or harvesting of any agricultural product, asdefined in ยง 3.2-6400. The bill removes forest harvesting and silviculturalactivity equipment from the list of property that may be classifiedseparately and taxed at a lower rate than general personal property.Forest harvesting and silvicultural activity equipment that is notexempted from property taxes is also added to the list of propertyseparately classified for valuation purposes, but not for rate purposes.The bill contains a nonseverability clause.

Bill Sponsors (2)

Les R. Adams

  • Republican
  • lower
  • 16
Primary

Roslyn C. Tyler

  • Democratic
  • lower
  • 75
Cosponsor

Votes


Actions


Mar 10, 2020

Office of the Governor

Approved by Governor-Chapter 251 (effective 7/1/20)

Mar 03, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., March 10, 2020

House

Enrolled Bill communicated to Governor on March 3, 2020

Feb 26, 2020

Senate

Signed by President

House

Impact statement from TAX (HB1021ER)

Feb 25, 2020

House

Enrolled

House

Signed by Speaker

Feb 20, 2020

Senate

Read third time

Senate

Passed Senate (40-Y 0-N)

Feb 19, 2020

Senate

Constitutional reading dispensed (39-Y 0-N)

Feb 18, 2020

Senate

Reported from Finance and Appropriations (15-Y 0-N)

Feb 11, 2020

House

Impact statement from TAX (HB1021H1)

Feb 05, 2020

Senate

Constitutional reading dispensed

Senate

Referred to Committee on Finance and Appropriations

Feb 04, 2020

House

VOTE: Block Vote Passage (99-Y 0-N)

House

Read third time and passed House BLOCK VOTE (99-Y 0-N)

Feb 03, 2020

House

Engrossed by House - committee substitute HB1021H1

House

Committee substitute agreed to 20105937D-H1

House

Read second time

Jan 31, 2020

House

Read first time

Jan 29, 2020

House

Committee substitute printed 20105937D-H1

House

Reported from Finance with substitute (21-Y 0-N)

Jan 27, 2020

House

Subcommittee recommends reporting with substitute (10-Y 0-N)

House

House subcommittee amendments and substitutes offered

Jan 24, 2020

House

Impact statement from TAX (HB1021)

Jan 23, 2020

House

Assigned Finance sub: Subcommittee #2

Jan 07, 2020

House

Referred to Committee on Finance

House

Prefiled and ordered printed; offered 01/08/20 20101518D

Bill Text

Bill Text Versions Format
Impact statement from TAX (HB1021) HTML
Engrossed by House - committee substitute HB1021H1 HTML
Bill text as passed House and Senate (HB1021ER) HTML
Acts of Assembly Chapter text (CHAP0251) HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.