Fabio
5.4 KiB
5.4 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||
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| Bill | Merchants' capital tax; separate classification, retailers. | Merchants' capital tax; separate classification; retailers. Provides that the merchants' capital of any retailer reported as inventory that is located in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall, along with certain wholesalers, be considered a separate classification and may be taxed at a lower rate than other classifications of merchants' capital. Under current law, only merchants' capital of wholesalers meeting a similar threshold of 100,000 square feet constitutes a separate class of property. | us/states/va | Virginia General Assembly | 2020 | HB 1575 | Virginia HB 1575 (2020) |
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enacted |
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4 | 28 | 6 | 2020-01-14 | 2020-03-31 | openstates | ocd-bill/b9e19981-ee90-4f7a-a49b-92b5ec2b6805 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1575 | 867edcc601c2b5e567fc34bd9e9d1bfdefe9c29e53d61b00d89186abf2a4eb80 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia HB 1575 (2020) — Merchants' capital tax; separate classification, retailers.
Merchants' capital tax; separate classification; retailers. Provides that the merchants' capital of any retailer reported as inventory that is located in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall, along with certain wholesalers, be considered a separate classification and may be taxed at a lower rate than other classifications of merchants' capital. Under current law, only merchants' capital of wholesalers meeting a similar threshold of 100,000 square feet constitutes a separate class of property.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Acts of Assembly Chapter text (CHAP0541) (committee substitute) — source
- Bill text as passed House and Senate (HB1575ER) (committee substitute) — source
- Engrossed by House - committee substitute HB1575H1 (committee substitute) — source
- Impact statement from TAX (HB1575) (committee substitute) — source
Votes
- Subcommittee recommends reporting with substitute (9-Y 1-N) — 9–1 (pass) · lower
- Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
- Reported from Finance with substitute (21-Y 1-N) — 21–1 (pass) · lower
- Reported from Finance and Appropriations (16-Y 0-N) — 16–0 (pass) · upper
- VOTE: Passage (79-Y 19-N) — 78–19 (pass) · lower
- Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
Sponsors
- Mark L. Cole — primary (person)
- Joshua G. Cole — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2020-01-14 Presented and ordered printed 20105515D
introduction - 2020-01-14 Referred to Committee on Finance
referral-committee - 2020-01-19 Impact statement from TAX (HB1575)
- 2020-01-23 Assigned Finance sub: Subcommittee #2
referral-committee - 2020-02-03 House committee, floor amendments and substitutes offered
- 2020-02-03 Subcommittee recommends reporting with substitute (9-Y 1-N)
- 2020-02-05 Committee substitute printed 20106932D-H1
substitution - 2020-02-05 Reported from Finance with substitute (21-Y 1-N)
committee-passage - 2020-02-06 Read first time
reading-1 - 2020-02-07 Read second time
reading-2 - 2020-02-07 Committee substitute agreed to 20106932D-H1
- 2020-02-07 Engrossed by House - committee substitute HB1575H1
- 2020-02-10 Read third time and passed House (79-Y 19-N)
passage, reading-3 - 2020-02-10 VOTE: Passage (79-Y 19-N)
- 2020-02-11 Constitutional reading dispensed
- 2020-02-11 Referred to Committee on Finance and Appropriations
referral-committee - 2020-02-19 Impact statement from TAX (HB1575H1)
- 2020-02-25 Reported from Finance and Appropriations (16-Y 0-N)
committee-passage - 2020-02-26 Constitutional reading dispensed (38-Y 0-N)
- 2020-02-27 Read third time
reading-3 - 2020-02-27 Passed Senate (40-Y 0-N)
passage - 2020-03-04 Enrolled
- 2020-03-05 Signed by Speaker
- 2020-03-05 Signed by President
- 2020-03-06 Impact statement from TAX (HB1575ER)
- 2020-03-12 Enrolled Bill communicated to Governor on March 12, 2020
- 2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
- 2020-03-31 Approved by Governor-Chapter 541 (effective 7/1/20)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b9e19981-ee90-4f7a-a49b-92b5ec2b6805. Confidence: reported (aggregated from official Virginia legislature records).