5a13be122b
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
93 lines
4.8 KiB
Markdown
93 lines
4.8 KiB
Markdown
---
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type: "Bill"
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title: "Tangible personal property tax; classes of property, satellites."
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description: "Tangible personal property tax; classes of property; satellites. Extends the sunset date for the classification of tangible personal property used in manufacturing, testing, or operating satellites within a Multicounty Transportation Improvement District as a separate class of property from June 30, 2019, to June 30, 2029. This bill is identical to SB 273."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2020"
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identifier: "HB 724"
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citation: "Virginia HB 724 (2020)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["David A. Reid"]
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version_count: 4
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action_count: 28
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vote_count: 6
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first_action: "2020-01-06"
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last_action: "2020-03-10"
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source: "openstates"
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source_identifier: "ocd-bill/4da40c6b-c82d-48ea-ad08-017d3ba0c871"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB724"
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source_hash: "5463f0c5e60a09353f980032e94160a4d90771359e986caba003cccb9ca4d980"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 724 (2020) — Tangible personal property tax; classes of property, satellites.
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Tangible personal property tax; classes of property; satellites. Extends the sunset date for the classification of tangible personal property used in manufacturing, testing, or operating satellites within a Multicounty Transportation Improvement District as a separate class of property from June 30, 2019, to June 30, 2029. This bill is identical to SB 273.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Acts of Assembly Chapter text (CHAP0247)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0247)
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2. **Bill text as passed House and Senate (HB724ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724ER)
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3. **Engrossed by House as amended HB724E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724E)
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4. **Impact statement from TAX (HB724)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724)
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## Votes
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- VOTE: (97-Y 0-N) — **96–0** (pass) · lower
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- Subcommittee recommends reporting with amendment (8-Y 0-N) — **8–0** (pass) · lower
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Finance with amendment (22-Y 0-N) — **22–0** (pass) · lower
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- Reported from Finance and Appropriations (11-Y 0-N) — **11–0** (pass) · upper
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## Sponsors
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- David A. Reid — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-01-06** Prefiled and ordered printed; offered 01/08/20 20102814D `introduction`
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- **2020-01-06** Referred to Committee on Finance `referral-committee`
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- **2020-01-12** Impact statement from TAX (HB724)
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- **2020-01-16** Assigned Finance sub: Subcommittee #2 `referral-committee`
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- **2020-01-20** Subcommittee recommends reporting with amendment (8-Y 0-N)
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- **2020-01-22** House committee, floor amendments and substitutes offered
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- **2020-01-22** Reported from Finance with amendment (22-Y 0-N) `committee-passage`
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- **2020-01-24** Read first time `reading-1`
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- **2020-01-27** Read second time `reading-2`
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- **2020-01-27** Committee amendment agreed to
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- **2020-01-27** Engrossed by House as amended HB724E
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- **2020-01-27** Printed as engrossed 20102814D-E
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- **2020-01-28** Read third time and passed House BLOCK VOTE (97-Y 0-N) `passage, reading-3`
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- **2020-01-28** VOTE: (97-Y 0-N)
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- **2020-01-29** Constitutional reading dispensed
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- **2020-01-29** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2020-02-11** Impact statement from TAX (HB724E)
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- **2020-02-18** Reported from Finance and Appropriations (11-Y 0-N) `committee-passage`
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- **2020-02-19** Constitutional reading dispensed (39-Y 0-N)
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- **2020-02-20** Read third time `reading-3`
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- **2020-02-20** Passed Senate (40-Y 0-N) `passage`
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- **2020-02-25** Enrolled
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- **2020-02-25** Signed by Speaker
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- **2020-02-26** Signed by President
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- **2020-02-27** Impact statement from TAX (HB724ER)
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- **2020-03-03** Enrolled Bill communicated to Governor on March 3, 2020
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- **2020-03-03** Governor's Action Deadline 11:59 p.m., March 10, 2020
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- **2020-03-10** Approved by Governor-Chapter 247 (effective 7/1/20) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4da40c6b-c82d-48ea-ad08-017d3ba0c871`. Confidence: reported (aggregated from official Virginia legislature records).
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