Virginia 2020 Regular Session Status: In Committee

SB 962 — Income and receipts taxes on public service corporations; authorizing localities.

Last action — Stricken at request of Patron in Finance and Appropriations (14-Y 0-N)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House of Delegates
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Income and receipts taxes on public servicecorporations; authorizing localities to assess and tax real and personalproperty of public service corporations. Repeals existingstate and local gross receipts, revenue, and alternative minimum taxes that currently apply to public service corporations. The bill eliminatesthe authority of the State Corporation Commission to assess the taxvalue of real and personal property of public service corporationsand eliminates the authority of the Department of Taxation to assessthe tax value of real and personal property of railroads and pipelinetransmission companies. However, the Department of Taxation wouldretain such authority with respect to rolling stock. Thebill requires localities to assess and tax the real and personalproperty of public service corporations, except the rolling stockof railroads, in accordance with existing laws governing local realand personal property taxation.

Bill Text

  • Impact statement from TAX (SB962) View text Current html January 14, 2020

Action History

  1. Stricken at request of Patron in Finance and Appropriations (14-Y 0-N)

  2. Impact statement from TAX (SB962)

  3. Referred to Committee on Finance and Appropriations

  4. Presented and ordered printed 20104366D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Stricken at request of Patron in Finance and Appropriations (14-Y 0-N)

Passed 14 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 14000
Total 14000
% of votes cast 100%0%0%0%
How each member voted (14)
Member Party Vote
McClellan, Jennifer L. — Yea
Barker, George L. — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Petersen, J. Chapman — Yea
R. Creigh Deeds — Yea
Ruff, Frank M., Jr. — Yea
Saslaw, Richard L. — Yea

Official roll call →

Subjects

taxation
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Frequently asked questions

What does SB 962 do?
Income and receipts taxes on public servicecorporations; authorizing localities to assess and tax real and personalproperty of public service corporations. Repeals existingstate and local gross receipts, revenue, and alternative minimum taxes that currently apply to public service corporations. The bill eliminatesthe authority of the State Corporation Commission to assess the taxvalue of real and personal property of public service corporationsand eliminates the authority of the Department of Taxation to assessthe tax value of real and personal property of railroads and pipelinetransmission companies. However, the Department of Taxation wouldretain such authority with respect to rolling stock. Thebill requires localities to assess and tax the real and personalproperty of public service corporations, except the rolling stockof railroads, in accordance with existing laws governing local realand personal property taxation.
Who sponsors SB 962?
SB 962 is sponsored by Ruff, Frank M., Jr..
What is the current status of SB 962?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 962?
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