HB 462

  • Virginia House Bill
  • 2022 Regular Session
  • Introduced in House Jan 11, 2022
  • Passed House Feb 08, 2022
  • Passed Senate Feb 17, 2022
  • Signed by Governor Mar 02, 2022

Retail Sales and Use Tax; extends sunset date for exemption of aircraft components.

Abstract

Sales and use tax exemption; aircraft components. Extends the sunset date for the sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts from July 1, 2022, to July 1, 2025. The bill also restricts the exemption for manned systems to aircraft with a maximum takeoff weight of at least 2,400 pounds. This bill is identical to SB 701.

Sales and use tax exemption; aircraft components. Extends the sunset date for the sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts from July 1, 2022, to July 1, 2026. The bill also restricts the exemption for manned systems to aircraft with a maximum takeoff weight of at least 2,400 pounds.

Sales and use tax exemption; aircraft components. Eliminates the sunset date for the sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts.

Bill Sponsors (1)

Votes


Actions


Mar 02, 2022

Office of the Governor

Approved by Governor-Chapter 8 (effective 7/1/22)

Feb 24, 2022

House

Enrolled Bill communicated to Governor on February 24, 2022

Feb 23, 2022

House

Impact statement from TAX (HB462ER)

Feb 22, 2022

House

Enrolled

Senate

Signed by President

House

Signed by Speaker

Feb 21, 2022

House

VOTE: Adoption (98-Y 0-N)

House

Senate amendment agreed to by House (98-Y 0-N)

Feb 17, 2022

Senate

Read third time

Senate

Passed Senate with amendment

Senate

Engrossed by Senate as amended

Senate

Committee amendment agreed to

Senate

Reading of amendment waived

Feb 16, 2022

Senate

Constitutional reading dispensed (39-Y 0-N)

Feb 15, 2022

Senate

Reported from Finance and Appropriations with amendment (16-Y 0-N)

Feb 14, 2022

House

Impact statement from TAX (HB462H1)

Feb 09, 2022

Senate

Constitutional reading dispensed

Senate

Referred to Committee on Finance and Appropriations

Feb 08, 2022

House

Read third time and passed House BLOCK VOTE (98-Y 0-N)

House

VOTE: Block Vote Passage #2 (99-Y 0-N)

House

Passed House BLOCK VOTE (99-Y 0-N)

House

Reconsideration of passage agreed to by House

House

VOTE: Block Vote Passage (98-Y 0-N)

Feb 07, 2022

House

Read second time

House

Engrossed by House - committee substitute HB462H1

House

Committee substitute agreed to 22105491D-H1

Feb 04, 2022

House

Read first time

Feb 02, 2022

House

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

House

Committee substitute printed 22105491D-H1

Jan 31, 2022

House

Subcommittee recommends reporting with substitute (9-Y 0-N)

House

House subcommittee amendments and substitutes offered

Jan 20, 2022

House

Assigned Finance sub: Subcommittee #2

House

Impact statement from TAX (HB462)

Jan 11, 2022

House

Prefiled and ordered printed; offered 01/12/22 22101029D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/12/22 22101029D PDF HTML
Committee substitute printed 22105491D-H1 PDF HTML
HB462ER PDF HTML
CHAP0008 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB462FER161.PDF PDF
Fiscal Impact Statement: HB462FH1161.PDF PDF
Fiscal Impact Statement: HB462F161.PDF PDF
Amendment: HB462ASE HTML
Amendment: HB462AS HTML

Sources

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