Virginia 2024 Regular Session Status: In Committee

SB 103 — Motor vehicle sales and use tax; exemptions for vehicle transfers, limited liability companies.

Last action — Passed by indefinitely in Finance and Appropriations (14-Y 1-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 2024 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Motor vehicle sales and use tax; exemptions;transfers; limited liability companies. Provides that no motorvehicle sales and use tax shall be imposed on vehicle transfers from(i) an individual, partnership, or limited liability company to acorporation or limited liability company or (ii) from a corporation or limited liability company to an individual, partnership, or limited liability company if (a) the transfer is incidental to the formation,organization, or dissolution of a corporation or limited liabilitycompany in which the individual, partnership, or limited liabilitycompany holds the majority interest in both entities and (b) the transferto a limited liability company is not a precursor to a transfer ofcontrol of the assets of the company to avoid motor vehicle salesand use taxes. Under current law,transfers from (1) an individual or partnership to a corporationor limited liability company or (2) from a corporation or limitedliability company to an individual or partnership are exempt fromthe motor vehicle sales and use tax if the transfer is incidentalto the formation, organization, or dissolution of a corporation orlimited liability company in which the individual or partnershipholds the majority interest.

Bill Text

Action History

  1. Passed by indefinitely in Finance and Appropriations (14-Y 1-N)

  2. Referred to Committee on Finance and Appropriations

  3. Prefiled and ordered printed; offered 01/10/24 24102676D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on · 1 voted No

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

Passed by indefinitely in Finance and Appropriations (14-Y 1-N)

Passed 14 Yea · 1 Nay
Party YeaNayPresentNot Voting
Unaffiliated 14100
Total 14100
% of votes cast 93%7%0%0%
How each member voted (15)
Member Party Vote
Barbara A. Favola — Yea
Bryce E. Reeves — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Hashmi, Ghazala F. — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ryan T. McDougle — Nay
Scott A. Surovell — Yea
Todd E. Pillion — Yea

Official roll call →

Subjects

taxation
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Frequently asked questions

What does SB 103 do?
Motor vehicle sales and use tax; exemptions;transfers; limited liability companies. Provides that no motorvehicle sales and use tax shall be imposed on vehicle transfers from(i) an individual, partnership, or limited liability company to acorporation or limited liability company or (ii) from a corporation or limited liability company to an individual, partnership, or limited liability company if (a) the transfer is incidental to the formation,organization, or dissolution of a corporation or limited liabilitycompany in which the individual, partnership, or limited liabilitycompany holds the majority interest in both entities and (b) the transferto a limited liability company is not a precursor to a transfer ofcontrol of the assets of the company to avoid motor vehicle salesand use taxes. Under current law,transfers from (1) an individual or partnership to a corporationor limited liability company or (2) from a corporation or limitedliability company to an individual or partnership are exempt fromthe motor vehicle sales and use tax if the transfer is incidentalto the formation, organization, or dissolution of a corporation orlimited liability company in which the individual or partnershipholds the majority interest.
Who sponsors SB 103?
SB 103 is sponsored by Glen H. Sturtevant, Jr..
What is the current status of SB 103?
This bill died with 2024 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 103?
Track SB 103 free on One Click Politics — get push/email alerts when it moves.

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