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---
type: "Bill"
title: "Tangible personal property tax; classes of property, satellites."
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."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2020"
identifier: "HB 724"
citation: "Virginia HB 724 (2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["David A. Reid"]
version_count: 4
action_count: 28
vote_count: 6
first_action: "2020-01-06"
last_action: "2020-03-10"
source: "openstates"
source_identifier: "ocd-bill/4da40c6b-c82d-48ea-ad08-017d3ba0c871"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB724"
source_hash: "5463f0c5e60a09353f980032e94160a4d90771359e986caba003cccb9ca4d980"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---
# Virginia HB 724 (2020) — Tangible personal property tax; classes of property, satellites.
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.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Acts of Assembly Chapter text (CHAP0247)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0247)
2. **Bill text as passed House and Senate (HB724ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724ER)
3. **Engrossed by House as amended HB724E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724E)
4. **Impact statement from TAX (HB724)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB724)
## Votes
- VOTE: (97-Y 0-N) — **960** (pass) · lower
- Subcommittee recommends reporting with amendment (8-Y 0-N) — **80** (pass) · lower
- Constitutional reading dispensed (39-Y 0-N) — **390** (pass) · upper
- Passed Senate (40-Y 0-N) — **400** (pass) · upper
- Reported from Finance with amendment (22-Y 0-N) — **220** (pass) · lower
- Reported from Finance and Appropriations (11-Y 0-N) — **110** (pass) · upper
## Sponsors
- David A. Reid — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2020-01-06** Prefiled and ordered printed; offered 01/08/20 20102814D `introduction`
- **2020-01-06** Referred to Committee on Finance `referral-committee`
- **2020-01-12** Impact statement from TAX (HB724)
- **2020-01-16** Assigned Finance sub: Subcommittee #2 `referral-committee`
- **2020-01-20** Subcommittee recommends reporting with amendment (8-Y 0-N)
- **2020-01-22** House committee, floor amendments and substitutes offered
- **2020-01-22** Reported from Finance with amendment (22-Y 0-N) `committee-passage`
- **2020-01-24** Read first time `reading-1`
- **2020-01-27** Read second time `reading-2`
- **2020-01-27** Committee amendment agreed to
- **2020-01-27** Engrossed by House as amended HB724E
- **2020-01-27** Printed as engrossed 20102814D-E
- **2020-01-28** Read third time and passed House BLOCK VOTE (97-Y 0-N) `passage, reading-3`
- **2020-01-28** VOTE: (97-Y 0-N)
- **2020-01-29** Constitutional reading dispensed
- **2020-01-29** Referred to Committee on Finance and Appropriations `referral-committee`
- **2020-02-11** Impact statement from TAX (HB724E)
- **2020-02-18** Reported from Finance and Appropriations (11-Y 0-N) `committee-passage`
- **2020-02-19** Constitutional reading dispensed (39-Y 0-N)
- **2020-02-20** Read third time `reading-3`
- **2020-02-20** Passed Senate (40-Y 0-N) `passage`
- **2020-02-25** Enrolled
- **2020-02-25** Signed by Speaker
- **2020-02-26** Signed by President
- **2020-02-27** Impact statement from TAX (HB724ER)
- **2020-03-03** Enrolled Bill communicated to Governor on March 3, 2020
- **2020-03-03** Governor's Action Deadline 11:59 p.m., March 10, 2020
- **2020-03-10** Approved by Governor-Chapter 247 (effective 7/1/20) `executive-signature`
## Source
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).